Will India finally start manufacturing chips locally?

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India takes another shot at chip manufacturing
Goutam Das | BusinessToday | BusinessToday – Wed Mar 19 04:00:00 UTC 2014
Almost anybody who was somebody in the Indian semiconductor industry threw his weight behind SemIndia, a company formed in the US by Non Resident Indians
http://www.bing.com/r/1A/7Mher?a=1&m=en-in

This is one glaring missing capability in India’s attempt to be self-sufficient. I was shocked to read we still import 100% of electronic chips! 31 billion dollars import annually is a big figure and producing it locally can boost economy, create jobs and improve on import-export balance.

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