India woos semiconductor manufacturers in bid for 'digital sovereignty'

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KOLKATA - India is rolling out the red carpet for semiconductor manufacturing companies in a bid to minimise its exposure to global supply chain risks associated with this critical commodity and also

ensure its"digital sovereignty".

This includes a 760 billion rupees push for semiconductors and display manufacturing spanning different parts of the value chain, including design, testing, fabrication and packaging. India's effort to woo semiconductor majors comes amid an ongoing global shortage of vital computer chips that has affected critical industries and accentuated risks.

Much of the growth until 2030 will be driven by wireless communications, consumer electronics and automotive electronics.While home to many semiconductor research and development units owned by top global firms, the country still lacks a large-scale commercial semiconductor manufacturing facility.

 

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