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Industrial Policies Alone Cannot Give Desired Results in Tech Sector

The India Cellular and Electronics Industry (ICEA) recently released a report detailing the effects of import tariffs on the domestic electronics industry. Currently, India’s import tariff rate for electronic and technology goods is much more than those of competing countries like China and Vietnam. This has been on the back...

A Four-Point Action Plan For Quantum Technologies

In the 2020 Budget speech, Finance Minister Nirmala Sitharaman announced the National Mission for Quantum Technologies and Applications (NM-QTA) with a total outlay of 8000 crores over a period of 5 years for strengthening the quantum industry in the country. A Lok Sabha question posed in July 2021 enquired the...

Revisiting India’s Semiconductor Manufacturing Incentives

History of Semiconductor Manufacturing Incentives Pre-2019 2019 to 2021 Capital Expenditure   20% financial incentive of total capital expenditure  25% financial incentive of total capital expenditure (includes R&D) Basic Custom Duties (BCDs) Exemption of BCDs for non-covered capital goods Exemption of BCDs for all capital goods used for setting up fabs...

In Software-obsessed India, Hardware Finally Gets Place in the Sun

The Union Cabinet, on 15th December, approved a much-awaited ‘comprehensive program for the development of a sustainable semiconductor and display ecosystem’. Holding up a silicon wafer and a semiconductor chip, Ashwini Vaishnav, the Minister of Communications and Electronics & Information Technology, outlined the focus areas in a press briefing that’s...

On Semiconductors, India Needs to Reboot Trade Policies, Ecosystem to Build a TSMC

Talks have accelerated between India and Taiwan to build a state-of-the-art semiconductor manufacturing unit in the country. Reports have indicated that officials from both sides have met regularly to discuss the possible outcomes of Taiwan investing in a fabrication facility in India. The Taiwanese government and its major foundries, which...

Takshashila Discussion SlideDoc – India’s Opportunity to Displace China in Global Supply Chains

Download the Discussion SlideDoc in PDF This assessment proposes a mix of two approaches that the Indian government should adopt in order to attract investments from companies looking to exit China. The first, a geostrategy-led approach, entails working with like-minded partners, particularly focussing on sectors with national security implications. The...

iPhone 11 is now ‘Made in India’, but Modi govt must see it doesn’t get too taxing for Apple

If you purchased an iPhone 11 recently, chances are that you have in your hands a smartphone assembled in India. After over a year of speculation on whether or not Apple will assemble its top-of-the-line product from a factory in India, news emerged last week that the iPhone 11 has indeed...

Takshashila Discussion SlideDoc – A Pathway for Post-Pandemic Economic Reconstruction

By Nitin Pai, Anupam Manur, Sarthak Pradhan, Anirudh Kanisetti Download this slidedoc as a PDF. Executive Summary: The economic response to the pandemic should consist of immediate disaster relief, a stimulus for economic revival, and a multi-year economic reconstruction programme. It must address the simultaneous shocks to aggregate supply and...

Takshashila Discussion SlideDoc – India in the Post COVID-19 World Order

By Pranay Kotasthane, Akshay Alladi, Anirudh Kanisetti, and Anupam Manur Executive Summary COVID-19 is likely to accelerate the competition and confrontation between the US and China, and simultaneously reduce the global authority of both by eroding their absolute power and legitimacy. The relative power scale can tilt in either direction....

Anticipating the Unintended #30: The Name’s Bond…Corporate Bond

This newsletter is really a weekly public policy thought-letter. While excellent newsletters on specific themes within public policy already exist, this thought-letter is about frameworks, mental models, and key ideas that will hopefully help you think about any public policy problem in imaginative ways. It seeks to answer just one question: how...
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