How can India emerge as a global hub in semiconductor manufacturing according to PM Modi

Understanding the strategies and initiatives required for India to become a key player in semiconductor manufacturing globally.
1. **Incentivizing Investments**: The Indian government needs to provide attractive incentives for semiconductor companies to establish manufacturing plants in India. 2. **Skill Development Programs**: Developing a skilled workforce through specialized training programs in semiconductor technology is crucial. 3. **Infrastructure Development**: Investing in infrastructure like dedicated semiconductor manufacturing zones, power supply, and transportation facilities is essential. 4. **Research and Development**: Encouraging R&D in semiconductor technology to drive innovation and competitiveness. 5. **Collaborations with Industry Leaders**: Forming partnerships with global semiconductor companies to bring in expertise and technology transfer. 6. **Policy Support**: Implementing favorable policies around taxation, regulations, and intellectual property rights to attract investments and foster growth in the industry.
Answered a year ago
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