Home FEATURED NEWS India Renews Call for Chipmakers as Billionaire Anil Agarwal’s Effort Drags

India Renews Call for Chipmakers as Billionaire Anil Agarwal’s Effort Drags

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India is about to revive its effort to lure potential chipmakers into the nation as tasks already disclosed, together with billionaire Anil Agarwal’s $19 billion plan, are taking time to get off the bottom.

New Delhi plans to reopen the applying course of for $10 billion in incentives and help supposed to encourage native chipmaking, individuals conversant in the matter stated. It’s additionally preserving the method open-ended, getting rid of a earlier 45-day requirement for submission, they stated, asking to not be named because the discussions aren’t public. That’s after an preliminary effort launched final yr solely attracted three candidates — all of which have made little progress thus far.

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