India should get two semiconductor proposals within 12 months: Vaishnaw
Edited excerpts: You’ve got nearly $2 billion in investment commitments from AMD, Micron and Applied Materials. What’s the next target? We are already in discussion with many more players. So the next target is within the next 12 months.
We should be approving at least two more good, high-quality proposals in the semiconductor fab. Two, we have approved six design companies, and we would like that to be fully executed. A fab is expected to be a longer gestation period investment relative to assembly, testing, marking, and packaging (ATMP), which is lower hanging fruit.
There would be many more players who will come because you’re seeing the response that we’re getting here. You’ll see the seriousness with which the companies are evaluating India. You have seen the success of Micron, which has said that in developed countries, advanced pricing agreements can take years.
We did that in six months. The land allocation was done within a few weeks. They have started construction activity in such a short time.
So, that is giving a lot of confidence to the people that, yes, this is a government very clearly focused on execution, and we should see, in the coming months, a lot more interest in the Indian semiconductor story. There may still be companies that may be sitting on the ringside, still evaluating India. Most of the companies were looking for our performance on the ecosystem.
They were evaluating whether we were able to deliver on what we had promised on the ecosystem side, and that question has been answered by the progress on Micron. Already Micron is bringing five more companies with them as ecosystem partners they are bringing already, and as scaling up happens, there will be many more players who will come. We’re
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