tech π India ramps up chip push with big investment
The Indian government is accelerating its semiconductor industry drive with a massive $13.4bn outlay under Semicon 2.0. Prime Minister Narendra Modi virtually laid the foundation stone for a 25 billion-rupee facility in Vizag, Andhra Pradesh. This move comes as chip-related imports are projected to hit $240 billion by 2035. Experts have warned about the risks associated with India being a latecomer in the global chip race. The government continues to push this initiative to build domestic semiconductor manufacturing capacity. π