Elara Securities recommends India to deepen partnerships with Taiwan and Japan for its semiconductor industry growth.

A report by Elara Securities advises India to deepen partnerships with Taiwan and Japan to strengthen its semiconductor industry presence. Taiwan dominates global semiconductor manufacturing, yet its companies have shown limited interest in India. The report emphasizes the need for India to enhance its infrastructure, attract investments, and develop a skilled workforce. With domestic demand for semiconductor chips projected to exceed $100 billion by 2030, India has an opportunity to position itself as a non-China alternative in global supply chains.

September 14, 2024
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