: India sees big opportunity amidst chip crisis #FinanceIndia #StockMarketNEWS India sees big opportunity amidst chip crisis New Delhi, 28 Oct (KNN) The chip deficit has stormed various sectors such

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India sees big opportunity amidst chip crisis #FinanceIndia #StockMarketNEWS
India sees big opportunity amidst chip crisis New Delhi, 28 Oct (KNN) The chip deficit has stormed various sectors such as electronics, appliances, and automobile industries and has disrupted the supply chain globally. As per prominent global microchip providers, Qualcomm and Intel, the shortage is estimated to last up to 2 years which creates timely opportunity for India to venture into chip manufacturing.

This also calls for the government to emphasize on the framing of semiconductor design-linked incentive policy which will offer financial and infrastructure assistance to MSMEs throughout various stages, as per government official sources.

Earlier in this month, Ashiwini Vaishnaw, Minister, Communications and Information Technology had signaled a proposal for the manufacture of semiconductors in India, beginning the first unit work by mid-2022.

He said that, the government is working on the roadmap for a semiconductor ecosystem for designing, manufacturing and packaging of semiconductor chip.

This would account for a strategic move for India to garner international investments and enhance domestic manufacturing industry, as Intel has stated that there is no short term fix for the problem.

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