India is “rolling out the red carpet” for the semiconductor industry, Prime Minister Narendra Modi said Friday in his home state of Gujarat as he pitched the country as a viable chipmaking hub to global investors.
“Earlier, people were questioning our aim to make chips and were asking ‘why invest (in India)’. Now, the question has changed to ‘why not invest,’” PM Modi said. “Whoever moves fast in this will get the first mover’s advantage… we are rolling out the red carpet for them,” Modi said.