Karnataka Chief Minister Basavaraj Bommai said the MoU was a crucial deal at a time when several states were vying to impress semiconductor fabs. He said the country has better infrastructure and talented talents are also available. As a state they are not only removing the barriers to starting a business … they are also providing an easier process even when businesses are leaving.
With good policies, dedicated team, state-of-the-art facilities and a growing number of talented employees, Karnataka will become a destination for investment, the Chief Minister said. They called on everyone to share in their growth trajectory. Under the leadership of Prime Minister Narendra Modi, working under Vision, the country feels proud and is becoming self-sufficient in the semiconductor fab.
With the current geopolitical situation .. there is a severe shortage of semiconductors in the country. With this, the government is trying to develop a semiconductor manufacturing environment in the country. With this being provided by Karnataka .. is developing a better environment in the electronic chip design industry. Gunjan Krishna said setting up manufacturing facilities would pave the way for growth in the sector. EV Ramana Reddy said increasing investment in semiconductors in India would help meet global demand. The world is expected to have a shortage of semiconductors by 2025. In this context, semiconductor businesses are being developed in the country.
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