Sri Lanka, March 13 -- Just as the Government of India has prioritised the construction of roads to connect the country, it has embarked on an ambitious plan to make India self-sufficient in the production of semiconductor chips.

The latest milestone in this strategy was the approval, on 29 February 2024, of proposals for three new semiconductor manufacturing facilities.

This is part of a larger plan to create a domestic industry for making these critical components. Construction on all three facilities is expected to begin within the next 100 days.

The significant point here is the involvement of private industry, which the government has encouraged.

The other point is that many new units in the JV mode will come up across India to i...