WORLD NEWS SUPERFAST
India News – The supply of Semiconductor has slowed down the pace of the tech and automobile industry. This is the reason that India is giving more than 1 billion dollars (about Rs 7300 crores) cash in cash to every company that makes semiconductor. According to information received by World News superfast, with the help of this amount, she wants to set up manufacturing units in the country. So that the supply chain of the smartphone assembly industry can be strengthened.
Prime Minister Narendra Modi’s ‘Make in India’ campaign has helped transform India into the world’s second largest mobile manufacturer after China.
This is the right time for chip companies to be established in the country. A senior government official told Reuters that the government was giving more than $ 1 billion in cash to each company to set up a chip fabrication unit.
Worldwide dependence on Taiwan
According to information received by World News superfast, the official said that we are assuring them that the government will be a buyer. Another government source said that the decision on how to end the cash incentive has not yet been made. The government has sought feedback from the industry. Governments around the world are subsidizing the construction of semiconductor plants, as chip shortages are affecting the auto and electronics industries. The world’s dependence on its supply has come to Taiwan.
Ending dependence on China
After the death of Indian troops on the border last year, the government has cut its dependence on China. In particular, it wants to develop the electronics and telecom industry in the country on a large scale.
CCG to 5G equipment will be made
According to information received by World News superfast, the source said that the chips produced locally will be designed with a trust source. It will be made from CCTV cameras to 5G equipment. However, the source did not clarify whether the semiconductor companies had shown interest in the setup in India.
Government has enticed companies in the past as well
According to information received by the World News superfast, India first tried to woo semiconductor players, but India’s infrastructure, unstable power supply, bureaucracy and poor planning made the firms worried. In such a situation, the government is now trying to woo the chipmakers anew. According to industry sources, the government is also likely to succeed this time. In addition, Indian groups such as Tata Group have also shown interest in electronics and high-tech manufacturing.