India Aims To Make Domestic Microchips By End of 2024 (ft.com) 31
"This is the fastest for any country to set up a new industry," Vaishnaw said in an interview with the Financial Times. "I'm not just saying a new company -- this is a new industry for the country." He added: "Eighteen months is when we have targeted for [the first] production to come out of this factory -- that is, December of '24." The minister's remarks set a demanding timeline for Modi's government as it strives to build up India's capacity in producing smartphones, batteries, electric vehicles and other electronics. The country's tech manufacturing sector lags behind those of east Asia's export-led economies, notably China, which began earlier and offered more subsidies to industry.