New Delhi, April 29 -- The India Cellular and Electronics Association (ICEA) has urged the government to prioritise domestic capabilities in semiconductor design and manufacturing, treating it as a strategic sector.
The association has outlined a multi-pronged approach to redefine India's role in the global chip supply chain, which is facing ongoing shortages and geopolitical tensions, reported The Telegraph.
According to ICEA, a dedicated capital market system for the electronics and high-tech industry will make low-cost funds available to the semiconductor sector.
The body has advocated for government investment in existing fabrication plants (fabs) to bolster domestic production capacity.
It has also emphasised the need for mecha...