The United States of America and India will join hands to address supply chain challenges for semiconductors, and it will help India boost its semiconductor manufacturing capacity. Afreen Akhter, US deputy assistant secretary, central and south Asia, is leading a trade mission of the semiconductor industry to India, and has also met several top government officials in New Delhi, India.
Afreen Akhter said that she had positive meetings with Indian officials. According to Afreen Akhter, the USA and India are willing to partner to address the supply chain challenges of the semiconductor industry. The United States will assist India in capacity building in the industry.
According to the US diplomat, their main goal is to expand partnership with the like-minded countries such as Taiwan and India. India is looking to create strategic alliances on semiconductors, which is a critical technology for a variety of products, including refrigerators, smartphones, and passenger vehicles, specifically after a global shortage in the post-COVID period.
India is also expecting to attract a total investment of around 25 billion dollars as a result of its incentive scheme that is meant to boost local production of semiconductors and display panels.
The government of India is also seeking to attract more investments under a 10 billion dollars incentive plan for display and chip production that aims to make India a key player in the supply chain globally.
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