INSIGHT: SOUTH ASIA - India vies to become semiconductor 'superpower' as FDI pours in
20 September 2023
SEPTEMBER 20, 2023 INSIGHT: SOUTH ASIA India vies to become semiconductor 'superpower' as FDI pours in THE TAKEAWAY IMPLICATIONS As India jockeys to become a global “chip-making • Favourable government policies to sustain FDI superpower,” foreign investment in the country’s In 2019, India’s Ministry of Electronics and semiconductor industry becomes crucial. [...] As tech Information Technology introduced the National giants like Foxconn and Micron weave their way Policy on Electronics to facilitate the growth and into the country’s semiconductor fabric through development of the domestic semiconductor industry, recent significant investments, the government must introducing several incentives to support national improve the business environment, create emp. [...] for Promotion of Manufacturing of Electronic Components and Semiconductors is designed to IN BRIEF foster the growth of a national supply chain, while the Global leaders commended India’s technologically Product Design Linked Incentive will cover up to 50 forward presidency during the G20 Summit in New per cent of eligible expenses with a maximum limit of Delhi in September. [...] The Chips of the Netherlands, announced that his government to Start Up scheme will train 85,000 people from is exploring the possibility of collaborating with the startups, R&D facilities, micro, small, and medium Indian and Karnataka governments to expand the enterprises, and academic institutions over five years semiconductor industry in Bengaluru, Karnataka’s in different chip technologies lik. [...] In tandem with the “Make As India witnesses rapid technological advancement, in India” initiative launched in 2014 by the Indian it will also need strong policies, research and government to foster the development, production, development, and infrastructure to enable its national and assembly of products within the country, the semiconductor enterprises.