"India's loss has become China's gain... the US based chip-maker will be setting up its chip fabrication units in China and Vietnam instead."
Policy delays in India have cost the country a whopping $3.5 billion in investment - that's the amount Intel Corporation, the world's top computer chip maker, was looking to invest in this country.
Intel Chairman Craig Barrett, currently in New Delhi on a visit, said that the company had been waiting for India to come out with its semiconductor policy after which Intel was to firm up plans of setting up a chip manufacturing plant in India. But the delay proved to be a costly one.
Intel earlier was in talks with the Indian government for this facility, but a delay on the part of the Indian government to come up with any concrete proposal Intel went ahead and set up the facility in China.
The facility in China is expected to be set up at an investment of around $2.5 billion.
"We do our manufacturing capacity planning usually years in advance because it takes us years to build and bring on line manufacturing plants such as the plant in Vietnam and the plant in China which we have announced. We were in serious communication and discussion with the Indian government. The Indian government was a bit slow in coming out with its semiconductor manufacturing proposal and missed the window of our period of time when we had to commit to our next tranches of manufacturing capacity," explained Craig R Barrett, Chairman of Intel Corporation on Wednesday (September 5).
State govts pushing us back: Infosys
TIMES NOW earlier spoke to Mohandas Pai, Director of HR, Infosys who squarely blamed the state government for not providing adequate infrastructure to the companies leading to delays in important projects.
"The Commerce and Industry Ministry cannot do much except create a policy framework - it is for the state governments to create the infrastructure. The opportunities are missed because the infrastructure of banking is not there. For example we need 100% power reliability for the FII plan and that is just not there in most parts of the country. We need good water supply. It just doesn't exist. It's the state governments that are pushing us back, I would say that the states need to get their act
Source : *timesnow.tv/Newsdtls.aspx?NewsID=2490
Policy delays in India have cost the country a whopping $3.5 billion in investment - that's the amount Intel Corporation, the world's top computer chip maker, was looking to invest in this country.
Intel Chairman Craig Barrett, currently in New Delhi on a visit, said that the company had been waiting for India to come out with its semiconductor policy after which Intel was to firm up plans of setting up a chip manufacturing plant in India. But the delay proved to be a costly one.
Intel earlier was in talks with the Indian government for this facility, but a delay on the part of the Indian government to come up with any concrete proposal Intel went ahead and set up the facility in China.
The facility in China is expected to be set up at an investment of around $2.5 billion.
"We do our manufacturing capacity planning usually years in advance because it takes us years to build and bring on line manufacturing plants such as the plant in Vietnam and the plant in China which we have announced. We were in serious communication and discussion with the Indian government. The Indian government was a bit slow in coming out with its semiconductor manufacturing proposal and missed the window of our period of time when we had to commit to our next tranches of manufacturing capacity," explained Craig R Barrett, Chairman of Intel Corporation on Wednesday (September 5).
State govts pushing us back: Infosys
TIMES NOW earlier spoke to Mohandas Pai, Director of HR, Infosys who squarely blamed the state government for not providing adequate infrastructure to the companies leading to delays in important projects.
"The Commerce and Industry Ministry cannot do much except create a policy framework - it is for the state governments to create the infrastructure. The opportunities are missed because the infrastructure of banking is not there. For example we need 100% power reliability for the FII plan and that is just not there in most parts of the country. We need good water supply. It just doesn't exist. It's the state governments that are pushing us back, I would say that the states need to get their act
Source : *timesnow.tv/Newsdtls.aspx?NewsID=2490
