India to be on high-stake global stage of chip makers in 5 years: IT Minister Ashwini Vaishnaw

India will, in next five years, join the high-stake global stage of semiconductor manufacturing as it combines unparalleled design capabilities with USD 10 billion of incentives to draw manufacturers to set up new fabs and units that will cut dominance of Taiwan, South Korea and China, said IT and Telecom Minister Ashwini Vaishnaw.

In an interview to PTI, he said India’s well-crafted policies are tempting manufacturers to set up new fabs (semiconductor fabrication plants) and pouring investment in related sectors.