Semiconductor Manufacturing: "On the demand side, growth of the semiconductor industry in India is expected to be driven by the increasing semiconductor content across consumer electronics and automobiles including EVs and, increasing demand for smartphones as the number of smartphones in India is projected to reach a billion by 2026. Further, the rollout of 5G and increasing adoption of IoT devices would accelerate the adoption of smart devices."
After several initial deals stalled, the Indian government is re-inviting applications for building semiconductor facilities in the country as the US-China chip trade war transforms the sector.