The report comes from the Times of India, citing sources with knowledge about the matter. As per the report, senior officials from various sectors are now in active discussions to roll out billion-dollar capital support and product-linked incentive plan to lure major chipmakers to India.
The report also states that government officials have reached out to the top officials of several chip manufacturing companies like TSMC (Taiwan Semiconductor Manufacturing Company), Intel, AMD, Fujitsu, and United Microelectronics Corp to discuss the details. And all of this is being operated from the highest office in India, which is the Prime Minster’s Office (PMO).
According to the TOI report, the government also had a high-level meeting with various officials from India’s top IT and electronics sectors. The meeting involved personnel like Ashwini Vaishnaw, the Telecom and IT Minister of India, K Vijay Raghavan, the Principal Scientific Advisor of India, Niti Aayog member VK Saraswat, and Minister of State for Information Technology (IT) Rajeev Chandrashekhar.
“The idea is to have representatives from various ministries and departments who are in charge of industries that are impacted by the semiconductor shortage,” a source relating to the matter stated.
