BENGALURU: India will provide support for companies looking to invest in semiconductor manufacturing, Prime Minister Narendra Modi said on Friday , as the South Asian nation sets its sights on becoming a key player in the global supply chain for chips.
"We have shown that India means business, now it is over to you," Modi told the country's first semiconductor conference in the southern tech hub of Bengaluru, reiterating his government's support for the industry. A US$10-billion plan to attract semiconductor and display makers has drawn applications from companies such as a joint venture between Indian conglomerate Vedanta and Taiwan's Foxconn, and Singapore's IGSS Ventures.
Source: News Formal (newsformal.com)
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