global competitiveness – Bharat Pulse News

The U.S. Semiconductor Industry Association (SIA) has emphasized that eliminating tariffs on semiconductor components and equipment is crucial for India to enhance its competitiveness in the global chip manufacturing sector. As reported by CNBC-TV18, the SIA highlighted that zero tariffs would facilitate smoother supply chain operations and attract significant investments from international semiconductor companies.India has been actively pursuing a more substantial role in the semiconductor industry, recognizing its strategic importance in the global technology landscape. The government's initiatives, such as the Production Linked Incentive (PLI) scheme, aim to incentivize companies to establish manufacturing units in India. However, the SIA points out that to truly capitalize on these efforts, India must create a more conducive environment by addressing tariff barriers that currently impede the free flow of essential components and machinery.The association also underscores the importance of robust intellectual property protections and a stable regulatory framework to instill confidence among potential investors. By implementing these measures, India can position itself as an attractive destination for semiconductor manufacturing, thereby reducing dependence on imports and strengthening its technological infrastructure.This perspective aligns with broader industry sentiments that advocate for open trade policies to foster innovation and efficiency in semiconductor production. As global demand for semiconductors continues to surge, driven by advancements in technologies such as artificial intelligence, 5G, and the Internet of Things, India has a timely opportunity to establish itself as a key player in the semiconductor supply chain.In conclusion, the SIA's recommendations highlight the critical steps India must take to enhance its competitiveness in semiconductor manufacturing. By adopting zero-tariff policies and strengthening its regulatory environment, India can attract substantial investments, stimulate economic growth, and secure a pivotal position in the global semiconductor industry.

Zero Tariffs Could Boost India’s Competitiveness in Semiconductor Manufacturing: U.S. Semiconductor Industry Association

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