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Top companies looking at India as next chipmaking hub

India will focus on creating a supportive ecosystem for semiconductor manufacturing in the country and not only fabrication units, IT and communications minister Ashwini Vaishnaw said in an interview.

The minister recently met with about 45 companies and two universities in the US. They have advised building the ecosystem and making sure industries making the 200-250 gases and chemicals that require high specialty, purity and precise composition are available in India. India will focus on the quality of electricity, getting the logistics right and making sure that the talent for semiconductor fabrication is in place, he said.

Why it’s important: Joint ventures to start semiconductor manufacturing based on government incentives have found it tough to forge technological partnerships. The government has now decided to modify the semiconductor mission, hoping for better results. Moneycontrol

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