Manufacturing/Make in India
Make in India: Chipmakers Said to Get Over $1 Billion in Cash for Setting Up Manufacturing Units
India is offering more than $1 billion (roughly Rs. 7,340 crores) in cash to each semiconductor company that sets up manufacturing units in the country as it seeks to build on its smartphone assembly industry and strengthen its electronics supply chain, two officials said. It is time for chip companies to set up in the country. Governments across the world are subsidising the construction of semiconductor plants as chip shortages hobble the auto and electronics industries and highlight the world's dependence on Taiwan for supplies. India also wants to establish reliable suppliers for its electronics and telecom industry to cut dependence on China following border skirmishes last year.
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