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India s $10 billion plan to produce semiconductors is under threat, potentially exposing a fault line in Prime Minister Narendra Modi s campaign for greater economic self-reliance. Critics argue that the success of India s smartphone manufacturing industry is a hollow claim, created by low-end assembly-line jobs with expensive state subsidies and protectionist import duties. The government is expected to reject incentives for a proposed 28-nanometer chip unit, which would make sense only as a quick pathway to more sophisticated production. The PLI program, a $24 billion subsidy scheme, is also under scrutiny.
A $10 billion push to make semiconductors in India is on shaky ground. Its collapse will expose a major fault line in Prime Minister Narendra Modi’s campaign for greater economic self-reliance. Already, influential critics are asking if the much-touted success in becoming a hub for smartphone manufacturing is a hollow claim. Low-end assembly-line jobs, created with the help of