TAIPEI -- India will spend $30 billion to overhaul its tech industry and build up a chip supply chain to ensure it is not "held hostage" to foreign providers, the country's top diplomat to Taiwan told Nikkei Asia in an interview.
The investment initiative is aimed at increasing local production of semiconductors, displays, advanced chemicals, networking and telecom equipment as well as batteries and electronics, said Gourangalal Das, director-general of the India-Taipei Association, the South Asian country's de-facto embassy in Taipei.
