New Delhi, March 15 -- Favourable government policies, growing demand, low-cost production capabilities, and strategic linkages with the Western nations have led India to develop itself as a semiconductor hub, according to a recent report by Jefferies.

As per the report, fiscal incentives from the government, low manufacturing costs, a talented design workforce, and rising demand are advantageous factors, helping the sector.

"We believe India has strong potential to replicate its manufacturing success in autos to semis, led by policy support, rising demand, low cost and strategic goodwill with the West" said the report

The report added that the countries aspirations to become a major player in the semiconductor manufacturing is gaining...