But Chandrasekhar said India is talking to big manufacturers about the kind of incentives that would see them move more work from China to India.
India also has a big stick it is yet to deploy: tying participation in a national cloud platform to local manufacturing. News that the minister feels the incentive scheme needs a review comes after India's attempt to lure semiconductor manufacturers to its shores also produced less-than-stunning results.largely passed up the nation's offers and untested manufacturers used the scheme to create greenfield facilities – making unremarkable products that won't put India on the map as a semiconductor powerhouse, or help it achieve self-sufficiency.
The US and Europe, meanwhile, have substantially outbid India with massive subsidies that aim to grow existing industries and ensure they have reliable and secure supply chains.