The life of any smart device in the world is its chip. The more smart the device, the more chips it will have. China is master in this game of chips. At present, this is the ground on which America wants to defeat China, but America cannot do this work alone. If China has to be defeated, then India will have to be taken along. America knows that if it has to take out the 'life' of China, then India will have to make the 'life' of every device in the world. India is also fully visible for this. India is seeing its advantage in this 'economic war' between America and China. In which the American visit of India's PM Narendra Modi is considered very important.
On Friday, quoting sources, it has been reported that American chipmaker company Micron can invest one billion dollars in India. Which can be an investment of 2 billion dollars in the coming days. This is only a beginning. Because the news is also that this visit of the PM of India can raise investment of more than one lakh crore rupees i.e. more than 12 billion dollars in the semiconductor and EV sector.
No official announcement has been made about this yet. Not only Micron, but other US chipmaker companies can also show interest in this list. Also, PM Modi's US visit can make the way for Tesla to come to India even easier. Let us try to understand in a systematic manner, after all, how is the investment of one lakh crore rupees likely to come from these two sectors.
More than half a dozen chip companies can get green signal
America and American companies have no shortage of money. All they need is a suitable place where their products can be manufactured and there is no hindrance in the supply chain. After the ongoing tussle with China, Indian American companies are seeing a very favorable place. This thing has been proved by the world's largest company Apple. In such a situation, the news of Micron Technology's investment in India is not surprising. Along with this, the name of Apple can also be added to this list, which itself manufactures semiconductors. Phones are being made in its manufacturing units in India.
Whereas Intel, Qualcomm, Microchip Technology, Maxim Integrated, Texas Instrument, Nvidia, the list is long, you go on naming them. There will also be a meeting with all these companies and discussions on investment will also take place. The US government will also agree on this. It is clear that this meeting, talk and agreement can be successful in getting India an investment of 50 to 75 thousand crore rupees in the field of semiconductor. This investment is not a big deal either, because this amount is still visible initially. There can be a lot of increase in this.
Indian government will spend 10 billion dollars on semi conductor
On the other hand, India is not only dependent on foreign money, but the government has also announced to invest in it. The government has announced a $10 billion PLI scheme for Indian chipmakers. In such a situation, India has completely prepared its pitch on the chip. Now the wait is on June 21 when the country's Prime Minister Narendra Modi will be on a state visit to America and the two most powerful presidents of the world will talk about putting China at an economic base. Along with this, India will get the responsibility of the chip, which is the lifeblood of the world's devices. Because it has become very important to make India the fourth best-selling item in the world in front of Sirmaur China.
Focus on EV too
India's focus is also on EV. All the companies of the country and abroad are working on EV. Recently news has come that Foxconn is also going to set up an EV plant in India. In such a situation, why not enter Tesla in India as well. The relationship between the Government of India and Tesla has been sour and sweet for some time. Because of which nothing has been confirmed yet. By the way, a few days ago there was news that Tesla will open its store along with manufacturing in India, that too with the conditions of the government. At the same time, the Government of India has also said that if the state government wants, it can help Tesla by giving tax exemption. After that the matter has cooled down a bit, but PM Modi's US visit has again heated up this discussion.
If experts are to be believed, this American visit of PM Modi will open all the way for Tesla. There is also a reason for this. By opening the way, investment of about 3 billion dollars will come in India. Tesla can invest $ 3 billion in India for its plant in India and for the rest of the work. Which will be the starting amount. Because America's conflict with China can also become a big problem for Tesla. China is a big market for Tesla. In such a situation, without stopping production from China, Tesla can make a plan to take $ 3 billion chance in India.
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