FILE PHOTO: A woman visits a semiconductor device display at the Appliance and Electronics World Expo in Shanghai, China March 23, 2021. REUTERS/Aly Song/File Photo
“We’re assuring them that the government will be a buyer and there will also be mandates in the private market .” India also wants to establish reliable suppliers for its electronics and telecom industry to cut dependence on China following border skirmishes last year. The renewed government push to lure chipmakers is more likely to succeed, following the success of the smartphone industry, industry insiders say.
The government extended the last date of submission for that expression of interest to end-March from Jan. 31, given the level of industry demand, the government source said. Indian technology ministry officials met executives from the Society of Indian Automobile Manufacturers , a leading auto industry body, earlier this year to assess car makers’ demand for chips, three auto industry sources said on condition of anonymity.