What does the Indian government need to do to diversify semiconductor suppliers
The United States and India have agreed to diversify supply chains for semiconductors. What can the Indian government do to support this?
- Invest in research and development of semiconductor technology: The Indian government needs to invest in the research and development of semiconductor technology to develop indigenous capacity. This will provide a strong foundation for the semiconductor sector in India.
- Provide incentives for semiconductor companies: The Indian government can provide incentives such as tax breaks, subsidies and land allocation to attract semiconductor companies to set up manufacturing units in the country.
- Strengthen infrastructure: The government can strengthen the country's infrastructure to support the semiconductor sector. This includes providing reliable power, improving roads, and ensuring access to water.
- Promote skill development: The government can promote skill development programs to ensure that the country has a skilled workforce to meet the needs of the semiconductor industry.
- Encourage collaboration: The Indian government can encourage collaboration between semiconductor companies and Indian research institutions to facilitate knowledge transfer and technology development.
Answered
a year ago