ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

India woos global chipmakers again, this time with $10bn package

Previous attempts failed to attract top industry players

Indian Prime Minister Narendra Modi. The South Asian country is working to become a bigger player in high-value-added products.   © Reuters

TOKYO -- India has rolled out the red carpet for global chipmakers with 760 billion rupees ($10.2 billion) in incentives as Prime Minister Narendra Modi makes a push to establish the country as a high-tech production hub.

The program was approved by Modi's cabinet Dec. 15 and began accepting applicants on Jan. 1 as India, like many other countries, intensifies efforts to bolster domestic supplies of the critical industrial component.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more