US, Taiwanese companies apply for manufacturing semiconductors in India, says Minister

Addressing a press conference, Chandrasekhar was quoted as saying by ANI, “Can’t comment on how many Taiwanese companies are coming here or how many are not. That you will know after the advisory committee finishes evaluating the proposals that you must have read in the media. There are some Taiwanese companies that have applied there are some Taiwanese companies that are showing interest in further applying. But the chip business or the semiconductor mission has declared that India is open for business and investment from all parts of the semiconductor ecosystem.”

“So it is not just Taiwanese companies, it’s also the Americans and it’s also the Europeans and all of that, so I can’t give you a precise number in that, excepting to say, I think all of the chip companies all of the geographies will see chip companies in semiconductor companies look at India very actively,” he said.

Chandrashekhar said, “We have got proposals from many countries for semiconductors. The proposal was very complex. Evaluation and analysis of the proposals is going on. It will come out soon after advisory committee finishes evaluating the proposals.”