Government in talks with multiple semiconductor companies for major investments over the next one year: Ashwini Vaishnaw

The Indian government is in talks with nearly half a dozen more semiconductor fabrication, packaging and testing companies that are likely to plan significant investments in the country over the next 12 months, union minister for electronics and information technology Ashwini Vaishnaw said.

“From our understanding, we are expecting anywhere between two and six good proposals over the next 12 months. As for the investment, it could be around or slightly more (than the Micron investment), depending on the technology that they bring in,” Vaishnaw told ET.