Govt will ensure supply chains are in place for the chip units being set up: Rajeev Chandrasekhar
Government plans to resolve issues in setting up semiconductor fab units in India, ensuring a footprint in supply chains. Minister Chandrasekhar stated that incentives may be provided in the future. Three semiconductor units were inaugurated, with India now having four projects under the India Semiconductor Mission. The government is expected to spend ₹59,000 crore on these projects from the semiconductor incentive scheme.
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FAQs for Semiconductor Industry in India
Frequently Asked Questions (FAQs) for Semiconductor Industry in India
FAQ 1: What has the Indian government done to support the establishment of semiconductor units?
Answer: The Indian government offers various incentives for companies setting up semiconductor fabrication plants. The Semiconductor Industry Association news roundup and statements from government officials like Rajeev Chandrasekhar indicate a commitment to nurturing the semiconductor ecosystem, which includes ensuring supply chain robustness. Initiatives like SemiconIndia 2023 further aim to catalyze India's semiconductor ecosystem.
FAQ 2: How is the government ensuring supply chain support for chip manufacturing in India?
Answer: According to statements from Indian IT minister Rajeev Chandrasekhar and activities noted in sources like the Semiconductor Industry Association, the government is actively working to create an environment conducive for semiconductor manufacturing, which includes supply chain support. This involves direct dialogue with stakeholders to ensure the required framework and infrastructure are in place.
FAQ 3: Have any companies withdrawn from chip manufacturing ventures in India?
Answer: Yes, Foxconn and Vedanta have pulled out of a joint venture for semiconductor manufacturing, as reported on July 11, 2023. However, despite the withdrawal, it was indicated by Union Ministers like Ashiwini Vaishnaw and Rajeev Chandrasekhar that this would not impact India's chip mission.
FAQ 4: Are there new partnerships forming in India for chip manufacturing?
Answer: Foxconn has reportedly set up a chip packaging and testing venture with India's HCL Group, as stated by Rajeev Chandrasekhar in parliament. This indicates ongoing investments and partnerships in India's semiconductor sector.
FAQ 5: What companies are involved in India's push for semiconductor manufacturing?
Answer: Companies like L&T are focusing on components of the chip supply chain, with investments amounting to INR 8.3 billion. Cisco also plans to manufacture in India, targeting over $1 billion in exports and domestic production. Furthermore, Foxconn is in talks for a components plant in India's Tamil Nadu.
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