An MOU signed in September will help Singapore firms to enter India.
PM Lawrence Wong and his Indian counterpart Narendra Modi touring the semiconductor facility of AEM Singapore on Sept 5.
Cleantech, which also supplies equipment for the solar industry, currently brings equipment into India from South Korea. India’s Tata Electronics, a venture of the salt-to-software conglomerate Tata Group, is building an assembly and testing unit in the north-eastern Assam state. Kaynes Semicon is setting up a chip assembly and test facility, with an investment of 33 billion rupees . The facility will pump out six million chips a day.India is seeking to build a semiconductor industry from scratch after the Covid-19 pandemic drove home the vulnerabilities of the world’s heavy reliance on Taiwan, which accounts for over 60 per cent of global semiconductor production.
Mr Ajit Manocha, president of US-based association Semiconductor Equipment and Materials International, noted that India’s semiconductor plans had global ramifications. The Republic accounts for 10 per cent of all chips produced worldwide, and about 20 per cent of global semiconductor manufacturing equipment production.
Referring to the big players in the semiconductor industry, he said: “These companies have Singaporean suppliers and there have been some Singaporean companies that have followed that chain to India. They have to be next to the large companies, otherwise there is a risk of losing business.” “The enabling environment has to be there to make it conducive for this industry to take off,” noted Mr Jayakrishnan.Mr Ronald Yeu, general manager for sales at APP Systems Services, said: “I think it really helps a lot because there tends to be a lot of bureaucracy and having to deal with government processes. It will smoothen a lot of things.”
He added: “We don’t have the facility to service all the components in India, and to set up in India, it’s going to cost a lot.”
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