‘There can be no bumpy roads to transport semiconductors’
Edited excerpts: How are South Korean firms looking at the Indian semiconductor ecosystem? The semiconductor industry here is bound to see progress. And, when it comes to actually building facilities and factories for semiconductors, safety is the biggest issue. From the point of setting up factories to the point of operations, there’s a strategic process.
There has to be top-notch infrastructure in the area and safety regulation. This is a priority concern for Korean companies. The supply of enough stable electricity is important.
For example, in Korea, Samsung and SK Hynix are the two biggest consumers of electricity. The quality of the roads is also important because in Korea, the roads are seamless for the transportation of equipment. There can be no bumpy roads.
Are South Korean firms interested in moving their production lines out of China and Southeast Asia to India? There are a lot of Korean companies who are either already in the process of moving or have plans for advancing factories in India. One of the largest Samsung factories in Vietnam has a branch in Noida. They are working on the expansion of the Noida branch.
There’s a textile company by the name of Yeongwon Trade, had its factory in Bangladesh and just last week, opened a factory in Telangana. Our KITA New Delhi office has seen a visible rise in inquiries from companies who want to have their subsidiaries in India. Most of them are looking at India as a replacement for countries like Vietnam and China.
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