New Delhi, Nov. 18 -- India's ambition to build a strong semiconductor and advanced technology manufacturing base is a "great strategy", but its success will depend on how quickly the broader ecosystem is enabled to grow with less red tape and stronger industry coordination, said Rakhee Chachra, Global Leader for Telecom, Media and Entertainment at the IBM Institute of Business Value.

Speaking to ANI on the sidelines of the 22nd India-US Economic Summit, Chachra said India's semiconductor vision is an essential step toward reducing supply-chain vulnerabilities and improving cost efficiency.

"Being able to develop things in-house is always a great start because then you take away the supply-chain issue and the cost issue," she noted. But...