Modi Government Collaborates with Malaysia on Semiconductors and Rare Earth Elements

The Indian government, led by Prime Minister Modi, has designated semiconductors and rare earth elements as core sectors in its budgetary framework. It is actively exploring collaborative opportunities with Malaysia, the world's sixth-largest exporter of semiconductors. A prospective partnership with Malaysia's Penang semiconductor hub is anticipated to bolster India's manufacturing prowess in this crucial hardware domain. This move represents a strategic initiative to develop domestic capacity and secure supply chains for high-tech components.