The Director-general of the India-Taipei Association Gourangalal Das, which is India’s de-facto embassy in Taipei, said that India would increase the local manufacture of chips along with displays, innovative chemicals, telecom and networking gear, batteries and electronics.
Mr. Das said that there is an upsurge in demand for semiconductors. By 2030, the demand for India semiconductor will reach $110 billion. Around that time, it will probably be more than 10 percent of global demand.
India and Taiwan are trudging fast to sign the much anticipated Free Trade Agreement (FTA) which will have major emphasis on devising a semiconductor development hub in India by a company in Taiwan.
If this becomes a reality, it would be a win-win circumstance for both countries, as India seeks to develop a worldwide semiconductor production hub and Taiwan wishes to move its trade from China.
The government of India recently declared expenditure of Rs. 76,000 crore or $10 billionas part of its production linked incentive (PLI) arrangement, exclusively for the improvement of display engineering electronics ecosystem and semiconductor.
Mr. Das said that India is open to partnerships with Taiwanese technology gamers who are equipped with semiconductor, electronics and show manufacturing knowledge.
Tags: global semiconductor center, India-Taipei Association, India
