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Currently, over 12 large projects are under discussion between investors and government as per information available in public domain.
Two years after India brought in a scheme to promote semiconductor manufacturing, it is yet to approve a chip fab application. But a strong foundation has been laid - Issue Date: Feb 04, 2024
But if theres one thing that has come to the fore this week, it's compliance and governance issues at startups. When companies are in the nascent stage they can get lax on setting up internal controls, but once you scale it becomes a different proposition altogether.
In this year's interim budget, the finance minister proposed a 71.4% increase in allocation for a major expansion in chip and electronics manufacturing to Rs 13,104.50 crore.
Nine companies including Tata and Texas Instruments are competing for a USD 1 billion contract to modernise a 180nm chip manufacturing plant in India.