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Govt to give a billion dollars each to chip-makers for manufacturing processors under Make in India program: Report

By HIGHLIGHTS Chip-makers such as Qualcomm and Exynos could make SoCs in India. Intel and AMD may also set-up plants under Make in India. The financial incentive could help chip makers shift manufacturing to India. The Indian government is reportedly offering more than a billion dollars each to semiconductor companies in a bid to encourage them to set shop in India. As per a report by Reuters, the Narendra Modi-led central government is giving this major cash incentive to chip makers in order to improve the country s smartphone assembly industry and also strengthen its electronics supply chain. While India has already emerged as the world s second-biggest mobile phone market, the government now appears to be using cash incentives as a means to further enhance the country s position as a hub for manufacturing phones and other gadgets.

BJP fields Subrata Saha from Kolkata s Rash Behari, Ashok Lahiri from Balurghat

BJP fields Subrata Saha from Kolkata s Rash Behari, Ashok Lahiri from Balurghat
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