India Renews Call for Chipmakers as Billionaire’s Effort Drags
- Chip manufacturers to get a new chance to apply for incentives
- Initial push yielded applicants who’ve made little progress
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India is set to revive its effort to lure prospective chipmakers into the country as projects already disclosed, including billionaire Anil Agarwal’s $19 billion plan, are taking time to get off the ground.
New Delhi plans to reopen the application process for $10 billion in incentives and assistance intended to encourage local chipmaking, people familiar with the matter said. It’s also keeping the process open-ended, doing away with a previous 45-day requirement for submission, they said, asking not to be named as the discussions aren’t public. That’s after an initial effort launched last year only attracted three applicants — all of which have made little progress so far.