These agreements are designed to fortify Aramco's domestic supply chain ecosystem, enhancing the company's operational resilience and reliability, while also ensuring it can meet the changing needs of its clientele.
Semiconductors: Taiwan, one of the major countries, sees India as a potential ally against China. Having the manufacturing capacity and the ability to design the next-gen chips is crucial for success. With elections looming, negotiators are seeking clarity, emphasising the reliance on government support.
Negotiations for joint ventures by top conglomerates such as Tatas and Vedanta with potential partners, especially from Taiwan, have made little headway due to firm terms. Global companies are adopting a wait-and-watch approach and prefer to go on their own due to technology transfer fears. Reliance Industries is also evaluating the market potential. Taiwan sees India as a potential ally against China and having manufacturing capacity and next-gen chip design ability is crucial. The major challenge is the absence of advanced fabrication facilities and expertise in India.
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