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.
