ONE OF THE "toughest" parts in convincing semiconductor giants to set up shop in India is their scepticism over the country's inaction in the chips space as it "repeatedly" missed the bus in allowing the semiconductor industry to take off over the last 60-70 years, Union minister of state for electronics and IT and skill development and entrepreneurship Rajeev Chandrasekhar said during the Express Adda on Wednesday.
"So, you have to make the pitch to them (global chip giants) that many things have changed in the last eight years, India has a vibrant electronics ecosystem, and the best factories of the world are being built here...we have shown them the factories that have been built in places like Noida in 12 months which are among the largest manufacturing plants for mobile phones," he said.
Chandrasekhar was in conversation with Anant Goenka, executive director, Indian Express Group, and Anil Sasi, national business editor, The Indian Express.
He said the break-up of the Vedanta and Foxconn joint venture to set up a fab in India is "not a blow to India's semiconductor ambitions," since there will now be two proposals instead of one. In December 2021, the ministry of electronics and IT (Meity) had announced a $10 billion semiconductor manufacturing plan.
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