Can India attract global chipmakers with its $10bn incentive plan?

India has set its sights on the booming semiconductor manufacturing sector amid surging global demand for consumer electronics and a chip supply crunch. While the country has the potential to achieve this ambition, analysts say it will be an enormous task requiring large amounts of investment.

“The government is laying special emphasis on increasing semiconductor manufacturing activity in India and various policy initiatives have been implemented to achieve this objective,” says Suman Jagdev, a partner at management consulting and advisory services firm Praxis Global Alliance.

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