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India to Spend Big on Tech So It Isn’t a ‘Hostage’ – Nikkei

Country plans to increase local production of chips as well as displays, advanced chemicals, networking and telecom equipment, batteries and electronics

A worker inspects chips at the semiconductor packaging firm Unisem (M) Berhad plant in Ipoh
Dutch officials have insisted that fresh controls address national security concerns rather than favour US chip-related companies. Photo: Reuters

India will pump $30 billion into an overhaul of its technology sector and build its own semiconductor supply chain to prevent being “held hostage” by foreign providers, Nikkei Asia reported, citing the country’s de facto ambassador to Taiwan Gourangalal Das.

It aims to collaborate with titans including Foxconn and Pegatron, which have plans to expand operations outside of China, Das told Nikkei Asia. The plan is to increase local production of items including chips, displays, and advanced chemicals, as well as batteries, electronics, networking and telecommunications equipment, the report said.


Read the full reportNikkei Asia




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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.


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