India ready with incentives to build semiconductor chip ecosystem, says Rai

Invest India is collaborating MeitY, ISM to bring global semiconductor firms to create a full-fledged chip manufacturing ecosystem

Invest India is working closely with the India Semiconductor Mission (ISM) and the Ministry of Electronics and Information Technology (MeitY) to bring semiconductor, semiconductor equipment, and electronics manufacturing services companies from Japan, South Korea, Taiwan, Germany, the Netherlands, and the United States for building a full-fledged chip fabrication ecosystem in the country, according to Nivruti Rai, managing director (MD) and chief executive officer (CEO).

 

“There are only a few countries that have the ability and investment we want to draw in. We are working with all of them to build the ecosystem so that we become cost-competitive,” Rai told Business