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Meity Offers Proposal for Electronic Chip Plants in India

The Indian government is quite enthusiastic towards make in India initiative. Recently, it has offered a proposal of  electronic chip manufacturing units in the country and also announced that one can acquire any semiconductor making companies from all over the world. The Ministry of Electronics and Information Technology (Meity) is quite agreed to incentivise and attract investment in setting up Electronic Chip Plants in India.

MEITY“The Meity invites expression of interest (EoI) from companies/consortia desirous of setting up/expansion of existing Semiconductor wafer/device fabrication (FAB) facilities in India or acquisition of Semiconductor FABs outside India,” the EoI document said.

Meity said the need to set up semiconductor plants assumes significance in view of the fact that India is poised to increase its share in global manufacturing of mobile phones, IT hardware, automotive electronics, industrial electronics, medical electronics, IoT and other devices in the near future as it aspires to have $400 billion of electronics manufacturing by the year 2025.

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Nitisha Dubey

I am a Journalist with a post graduate degree in Journalism & Mass Communication. I love reading non-fiction books, exploring different destinations and varieties of cuisines. Biographies and historical movies are few favourites.

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