so if some tom , dick & harry comes and asks money for a space shuttle will you give it? All these companies have zero bkground in technology and are there just to swindle money out from the govt.There are private companies that are deeply interested in setting up fabs. But they decided to hold off on it because the domestic market is still immature and the govt wasn't providing enough sops to set up.
Both HCL and HSMC+Jaypee have tried and failed. HCL found the market immature and Jaypee couldn't secure the funding needed to allow the govt to invest.
What you are talking abt is a classical chicken & egg problem? they see no demand but consumers see no right priced product. There is tonne of demand for mobile phones which includes display panels same as used in TV but no one is producing display panels in India rt?
Investments are recouped over 10-15 year period, which involves a lot of planning ,risk management including investing in R&D , talent acquisition not to mention competition. But the Indian companies are primitive creatures who want zero risk, invest nothing in R&D but make profit in 2 or 3 years right away.
Given that no plant will be set up in India , does the govt have a plan B to secure chip supply? I bet morons have none.
HCL found the market immature and Jaypee couldn't secure the funding needed to allow the govt to invest.
Sour grapes they are the same thugs who say they are not enough skilled cloud professionals, (for their cheap salary) but would not even know what cloud is all about.