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Speaking at the Global Investors Meet (GIM) in Chennai, Banmali Agrawala, who is the chairman of the aerospace and defence solutions unit of Tata Sons said semiconductor fabrication was necessary, despite being capital intensive.
Narendra Modi government's focus on electronics is spot on. While the use of industrial policy in the sense of active government intervention to prop up a particular industry is contentious and not consistently successful, if there is one sector worth gambling on - because it is so fundamental to future economic success - it is electronics.
The state government laid out its electronics and semiconductor policy with host of financial incentives for design, assembling and manufacturing companies
This is reflected in the focus on sunrise sectors like semiconductors, electronics manufacturing and non-leather footwear in addition to traditional ones such as automotive which includes electric vehicles (EVs) during the third edition of GIM to be held on Sunday and Monday.
In an interview, the MoS for electronics and IT speaks about domestic electronics manufacturing, likely PLIs, AI technologies and cybersecurity