NEW DELHI: India’s sweeping state-backed semiconductor drive -- supported by a strong design ecosystem and a large pool of engineering talent -- is beginning to attract private investment on its own, Union Minister Ashwini Vaishnaw said on Thursday.
Speaking at Bloomberg’s New Economy Forum in Singapore, Vaishnaw noted that the country’s efforts are now moving beyond government-led initiatives and creating confidence among global chipmakers.
"India’s sweeping state-backed semiconductor drive -- coupled with its growing design ecosystem and deep bench of engineering talent -- is helping the country reach a stage where private capital begins to flow in on its own, " Vaishnaw stated.