New Delhi, Sept. 4 -- Extending income tax holidays and waiving import duties on expensive semiconductor equipment will accelerate India's semiconductor manufacturing capabilities, said Eswara Rao Nandam, CEO of Polymatech Electronics, a company engaged in providing chip manufacturing solutions.

Speaking with ANI on the sidelines of Semicon India 2025 in the national capital, Polymatech Electronics CEO said, "We wanted to request government intervention so that the actual semiconductor development will happen in India. First, the income tax holiday has been granted to semiconductor companies. And the second point is that the semiconductor equipment is very, very expensive equipment. When we are bringing that equipment, there will be a lo...