INDIA IS SET to revive its effort to lure prospective chipmakers into the country as projects already disclosed, including billionaire Anil Agarwal's $19 billion plan, are taking time to get off the ground.
New Delhi plans to reopen the application process for $10 billion in incentives and assistance intended to encourage local chipmaking, people familiar with the matter said.
It's also keeping the process open-ended, doing away with a previous 45-day requirement for submission, they said, asking not to be named as the discussions aren't public.
That's after an initial effort launched last year only attracted three applicants - all of which have made little progress so far. India is joining countries including the US in trying to boost chip output to reduce reliance on expensive imports and dependence on Taiwan and China.
The effort has yet to result in any large global chip player moving base to the South Asian nation, underscoring the major challenge supply chain shifts involve.
To kick-start a domestic chip industry, Prime Minister Narendra Modi's government originally gave companies just 45 days, beginning January 1, 2022, to apply for fiscal support.
この記事は Financial Express Mumbai の May 11, 2023 版に掲載されています。
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この記事は Financial Express Mumbai の May 11, 2023 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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