Indian entrepreneurs, including non-resident Indians, are quietly making their way into the country’s semiconductor industry. With proposals ranging from building compound semiconductor fabrication (fab) facilities to establishing semiconductor packaging plants in the country, these entrepreneurs are capitalising on the government’s liberal financial incentives under the semiconductor scheme.
These entrepreneurs come from various industries and include real estate giants like the Hiranandanis through their company, Tarq Semiconductors, Harshad Mehta, who runs US-based Silicon Power Corporation.
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