India Next Big Destination For Semiconductor Makers, Says Minister
NDTV
During Prime Minister Narendra Modi's State visit to the US last week, Micron Technology announced a massive India-specific investment plan.
Union Minister Ashwini Vaishnaw on Monday said the current BJP-led Central Government has succeeded in attracting investments in emerging technology, and stated that India is the next important location for semiconductor manufacturers.
Congress has attempted to do so since the 1980s but was not successful.
During Prime Minister Narendra Modi's State visit to the US last week, Micron Technology announced a massive India-specific investment plan.
On Thursday, hours after PM Modi met Micron CEO Sanjay Mehrotra in the US and invited him to boost semiconductor manufacturing in India, the global semiconductor major announced plans to build a new assembly and test facility in Gujarat in India with an investment of USD 825 million. Once set up, the facility will address demand from domestic and international markets.
