With insights from Singapore’s success, Telangana rolls out the red carpet for semiconductor giants with business-friendly incentives and opportunities.
The Telangana government has called on semiconductor companies to invest in the state, highlighting its favourable conditions and opportunities for industry growth.
During a recent roundtable, IT and Industries Minister D. Sridhar Babu, who led the ‘Telangana Rising’ delegation, engaged with the Singapore Semiconductor Industry Association (SSIA). The discussion focused on Singapore’s success as a global semiconductor leader, with the SSIA sharing insights and best practices from its own development.
Minister Babu invited the Singapore semiconductor sector to invest in Telangana, outlining the state’s supportive environment for such industries. He also highlighted the various incentives the Telangana government offers to attract international investment.
The Chief Minister’s Office later confirmed that a delegation from the SSIA will visit Hyderabad later this year to assess potential investment opportunities. This initiative is part of the state’s broader efforts to position itself as a hub for high-tech industries, leveraging its infrastructure and business-friendly policies.
Industry figures, including SSIA Chairman Brian Tan, who is also the Regional President of Applied Materials, Inc., participated in the meeting. Other notable participants were the Vice chairman of SSIA and Senior VP of GlobalFoundries Singapore, Tan Yew Kong; secretary of SSIA and president and MD of Infineon Technologies Asia Pacific, Pte C. S. Chua.
The state government continues to press the Union government for assistance in establishing a semiconductor fabrication facility in Telangana.
