2 days ago
India’s New Chip Scheme Could Attract ₹5–7 Lakh Crore
India has introduced a new plan to encourage chip manufacturing.
The plan could attract ₹5–7 lakh crore in investment.
Pankaj Mohindroo, an industry leader, gave this estimate.
He said a smaller subsidy for chip factories does not mean India has smaller goals.
Instead, he believes companies now trust India more.
Global chipmakers had been doubtful about India in earlier efforts.
The new confidence could encourage more companies to invest.
The India Cellular and Electronics Association shared this view.
The new Indian chip scheme could bring ₹5–7 lakh crore in investment, according to ICEA chairman Pankaj Mohindroo.
Mohindroo said the lower fab subsidy does not indicate reduced ambition.
He said India’s credibility with global chipmakers has grown.
Global chipmakers were previously sceptical about India’s efforts to build a chip industry.
The investment estimate was provided by the India Cellular and Electronics Association.
- Who
- Pankaj Mohindroo, chairman of the India Cellular and Electronics Association, and global chipmakers.
- What
- India’s new chip scheme could bring ₹5–7 lakh crore in investment.
- Where
- India.
- When
- Why
- Mohindroo said India’s growing credibility with global chipmakers could support investment, despite a lower fab subsidy.
Key facts
- Estimated investment
- ₹5–7 lakh crore
- Scheme
- India’s new chip scheme
- Industry body
- India Cellular and Electronics Association (ICEA)
- Speaker
- Pankaj Mohindroo
- Speaker’s position
- Chairman of ICEA
- Subsidy assessment
- Mohindroo said the lower fab subsidy does not reflect reduced ambition.
Sources
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