New Delhi: India will launch the support of Multi-Billion Dollar Mega Capital and the planned incentives of production to encourage the manufacture of semiconductors in this country, upcoming steps when the cross-sector industry faces cutting global production due to lack of production, the top source said.
Senior officers were involved in active discussions with several top semiconductor makers such as Taiwan Semiconductor Manufacturing Co.
(TSMC), Intel, AMD, Fujitsu, United Microelectronics Corp., because the government stepps on driving efforts in semiconductors who are highly sought after investments in the country.
Ambitious plans are being coordinated and carefully monitored by the Office of the Prime Minister (PMO) and the multi-ministry has associated into the process because the government works overtime to complete an interesting policy to seduce semiconductor companies, which are also chased by others.
countries like the US, and those in Europe.
“The government is willing to talk to capital support.
We are closer to it unlike before,” the main source involved in the process to TOI.
The government has recently had a high-level meeting on issues that have telecommunications and IT Minister Ashwini Vaishnaw, the main scientific adviser K Vijayraghavan, Top Scientist and Niti Aayog VK Saraswat member, Minister of State for IT Rajeev Chandrasekhar, representative of electronics, and ministries telecom , Organization of Research and Defense Development (DRDO), Department of Transportation and Space Surface and academics.
“The idea is to have representatives from various ministries and departments responsible for the industry which is influenced by semiconductor deficiencies,” said the source.
The card can support finances for capital expenditure, reducing tariffs in certain components, and benefits through programs such as schemes for promotion of electronic and semiconductor components (specifications) and incentives related to production (pli).
“All efforts will be made to formulate an interesting and conducive scheme for companies to see India.” At present, India imports almost all semiconductors to meet demand estimated at around $ 100 billion to 2025 from around $ 24 billion now.
Previous efforts to get the company to invest in semiconductor spaces have failed, mainly because sophisticated manufacturing processes need severe investment, regardless of the need for clean water supply and unbroken electricity.
While India is seen strong in the field of chip design, it has failed to get FAB manufacturing which many referred to countries involving investment ranging from $ 5 billion and $ 10 billion.
However, break-out of Pandemi Corona in early 2020 and the strategies of many global companies to see the ‘China Plus 1’ policy for procurement tend to help get investments in India.
The government believes that the electronic market is large and rapidly developing, regardless of the needs in other industries such as defense, cars, spaces and new technologies such as 5G and the Internet of Things (IOT), will ask the company to invest India.
“Domestic demand will be very high.
The government expects domestic electronic production to rise to $ 350-400 billion in 2025, opposing the estimated $ 75 billion now.
This will be a big enabler to get investment.”
Government in talks with Woo Top Makers of Semiconductors
