The Indian government announced that it will provide approximately ¥2 trillion in subsidies for overseas equipment and materials companies to promote domestic semiconductor production. SEMICON India has opened, drawing more than 600 companies, and Japanese companies' opportunities to enter the market are attracting attention.
The Indian government has indicated plans to establish more than ¥2 trillion in subsidies to accelerate the attraction of overseas companies as it pursues self-sufficiency in the semiconductor supply chain. The government is reportedly looking to accelerate efforts to attract companies involved in manufacturing equipment and materials. SEMICON India has opened in New Delhi, becoming an event attended by more than 600 companies from Japan and overseas.
Prime Minister Modi delivered remarks at the opening ceremony, and is reported to have expressed his intention to position India as a key hub for the semiconductor industry. The article focuses on an overview of the event and the government's support policies.
Fujifilm Holdings is reportedly moving forward with plans to invest ¥13 billion in a semiconductor materials plant in India in collaboration with a Tata group affiliate. The investment is intended to strengthen the local materials supply system.
Related reports have pointed to the possibility that Japanese companies could seize opportunities to enter the vast Indian market amid efforts to accelerate the domestic development of the semiconductor industry.