- The G7 nations have formed a Semiconductor Supply Chain Group to ensure secure and resilient semiconductor supplies.
- India stands to benefit significantly from the $600 billion investment fund aimed at strengthening global supply chains.
- India offers attractive incentives for semiconductor manufacturing, positioning it as a key player in the global market.
During the recent G7 Summit in Italy, the focus was on securing semiconductor supply chains. The G7 nations—Canada, France, Germany, Italy, Japan, the UK, and the US—formed a Semiconductor Supply Chain Group to develop strategies ensuring a stable semiconductor supply. This move comes after significant losses during the global chip shortage in 2020.
India is poised to benefit from this initiative, particularly from the $600 billion investment fund under the Partnership for Global Infrastructure and Investment (PGII). With its competitive subsidies and rapid business environment for semiconductor manufacturing, India can play a crucial role in creating resilient supply chains and addressing global demand.
India’s proactive approach and government support make it a strong candidate for semiconductor manufacturing partnerships. The collaboration with G7 nations could position India as a major hub for semiconductor production, boosting its economy and technological capabilities.
