On Semiconductors, India Needs to Reboot Trade Policies, Ecosystem to Build a TSMC
3 years, 5 months ago

On Semiconductors, India Needs to Reboot Trade Policies, Ecosystem to Build a TSMC

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Talks have accelerated between India and Taiwan to build a state-of-the-art semiconductor manufacturing unit in the country. India’s effort to build an indigenous semiconductor manufacturing facility is not new with multiple attempts facilitated by the state from the early 1980s itself. Delay in the acquisition of land and the failure to streamline this process can still hamper India’s ambition to achieve its dream of becoming a major player in the semiconductor manufacturing industry. Trade Policies Earlier attempts at building a semiconductor fabrication facility in India never took off due to the country’s protectionist trade policy. Taiwan, during the talks held, has called for a trade deal with India that would effectively lower import tariffs on specific semiconductor manufacturing materials and equipment.

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