Modi’s government has put forward $10 billion of incentives to tempt firms to set up microchip plants in India, staking its claim in the booming industry, The Financial Times reported.
Foreign investors are lining up to capitalise on the opportunity, the report said, adding that Singapore’s IGSS Ventures agreed to spend on a plant to be built in Tamil Nadu in the south over the next three years, while Abu-Dhabi and Israeli backers signed a letter of intent for a $3 billion plant in Bangalore.
Read the full report: Financial Times.
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