Centre’s semiconductor push could cut chip imports by USD20 billion: McKinsey

Centre’s semiconductor push could cut chip imports by USD20 billion: McKinsey

The central government’s endeavours to develop the Indian semiconductor industry will help reduce the country’s reliance on imported chips by an estimated USD 10 billion to USD 20 billion, said a report by a major consultancy firm, McKinsey. According to the firm, India must combine targeted government incentives with strategic collaborations involving global technology giants…

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