观点新兴市场

India chases dividend from China trade tensions

Country hopes to benefit from companies diversifying supply chains

Do you make semiconductors? Harshadeep Kamble, 25-year veteran of India’s civil service, wants to make you an offer you can’t refuse.

The principal secretary for industry in India’s wealthiest state, Maharashtra, Kamble says he is pursuing three to four foreign semiconductor companies, not all Taiwanese, with juicy incentives packages: “We are telling these companies, this is what we already have on the platter for them. What is it further they would like to have?”

Semiconductors is the most ambitious industry Maharashtra seeks to attract, as India’s states aim to position themselves as a viable “plus one” for companies diversifying supply chains away from China.

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