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India unveils $10.2B plan to attract semiconductor makers:
India on Wednesday announced a $10.2 billion plan to try to attract global chipmakers to set up shop in the country and transform it into a production hub of semiconductors.
The plan unveiled by Information Technology and Telecom Minister Ashwini Vaishnaw comes amid a severe shortage of semiconductors caused by the COVID-19 pandemic, which has led to global shortages of products that need them, including new cars.
India wants to lure countries with economic incentives, including manufacturers with operations in China that might be willing to shift to India because of the ongoing trade disputes between the U.S. and China, Indian officials and business leaders have said.
He told reporters that incentives will attract companies involved in various parts of the semiconductor manufacturing process. India's government will provide fiscal support of up to 50% of project costs to eligible display and semiconductor fabricators, Vaishnaw said.
(Score: 3, Insightful) by krishnoid on Wednesday December 29 2021, @09:09PM (1 child)
There's a lot of labor and not a lot of solid infrastructure, and many speak English. I think they should encourage people to set up software houses and ... I don't know, something that leverages English proficiency ... telephone support centers! I'm a genius.
(Score: 3, Interesting) by krishnoid on Wednesday December 29 2021, @09:14PM
Various random citations: the war [wired.com] over sand mining, state of the roads [fortune.com], English proficiency [ef.com].