The Taiwan-India partnership in electronics and semiconductors is critical to diversifying the global value chain for resilience and stability, Indian Ministry of Electronics and Information Technology Secretary S. Krishnan said in Taipei on Thursday.
Krishnan led a delegation to Taiwan along with India Semiconductor Mission chief executive director Amitesh Sinha to attend the Semicon Taiwan trade fair from Wednesday to yesterday, with the goal of deepening ties between Taiwan and India in the global electronics manufacturing supply chain.
The Taiwan-India partnership has grown markedly over the past 30 years, with electronics being a leading part, Krishnan told reporters on Thursday.
Photo courtesy of the India Taipei Association via CNA
Taiwanese electronics companies such as Foxconn Technology Group (富士康科技集團), Pegatron Corp (和碩) and Delta Electronics Inc (台達電) have been successful in India, he said, adding that a joint venture between Powerchip Semiconductor Manufacturing Corp (力積電) and Tata Electronics Private has also been inspiring.
Such partnerships showed that “India is a favorable ground for much of this development to take place,” as it helps stabilize the high-tech industry by being “a big market” and “a source of human resources,” Krishnan said.
“There is a lot that India will learn from the Taiwanese model and the Taiwanese example,” he said.
The support provided by the Indian government for semiconductor manufacturing is unprecedentedly generous and the largest industrial policy scheme that has ever been implemented in India, Krishnan said.
“We pay from the federal government 50 percent of the cost of employment as a subsidy,” he said, adding that means about 70 percent to 75 percent of the costs of all projects under the scheme are subsidized jointly by the federal and state governments.
“Even as the project is being built, the money is put out, which means we are taking as much of a share in the risk of the project as anybody else,” he added.
Krishnan said India’s large, young workforce would also support the bilateral semiconductor partnership, especially given Taiwan’s low birthrate.
“The young population in India below the age of 25 is about 566 million,” he said.
Sinha, who is leading the 10 projects approved by the first phase of the Semiconductor India Program, said the Indian government would ensure long-term policy support.
He cited Indian Prime Minister Narendra Modi as saying that India wants every device in the world to have a chip made in India and that “India is making policies keeping in mind the goals for the next 25 years.”
India’s robust digital infrastructure, such as the Unified Payments Interface, is also driving the use of electronic devices such as mobile phones, Sinha said.
India is a power surplus nation with green energy accounting for 50 percent of total installed capacity, he said, adding that power shortages would not be a concern.
Asked whether there is support for mobile phone component manufacturers, given the development of the electronics ecosystem in India would boost demand, Krishnan said the Electronic Component Manufacturing Scheme was implemented two-and-a-half months ago.
The scheme offers incentives to manufacturers of printed circuit boards, displays and camera modules, among others, with the aim of doubling the value of the sector, he said.
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