India needs to develop a broader semiconductor ecosystem over time: Subbiah

Murugappa Group scion says India needs a China-style sectoral roadmap for growth, bets big on semiconductors and EVs

Vellayan Subbiah, a fourth-generation Murugappa group scion and chairman of CG Power, executive vice-chairman of Tube Investments of India (TII), and chairman of Cholamandalam Investment and Finance Co, believes India should take a cue from China and identify key sectors that can drive manufacturing growth. In a video interview with Shine Jacob, he talks about the group’s semiconductor foray, the role of electric vehicles (EVs) in the country’s future, and the need for a push towards India being a product nation. Edited excerpts:  

 

You have turned around debt-ridden CG Power. The company is setting up a ₹7,600 crore outsourced semiconductor