India will only be able to buy relatively simple chips from China due to equipment controls. What should happen is as more assembly work takes place in India, there will build a demand for chips as well as industrial gases and other products. As this demand grows it should be followed by the building of local component supply in India. Watch firms like Hon Hai and what products they start to assemble in India. The main alternative now seems to be Vietnam but end buyers will want to diversify supply sources. sc
@RSJ, can you shed light on a few states returning to Old Pension Scheme. What will be the impact of doing so.
It has been argued often in this space about how NPS was an example of smooth policy implementation.
Hi Gaurav, we wrote about it in this edition: https://publicpolicy.substack.com/p/163-the-past-is-a-foreign-country#details
Also read this article by Renuka Sane and Rajiv Mehrishi https://indianexpress.com/article/opinion/columns/why-rajasthan-govt-decision-return-old-pension-scheme-fiscal-disaster-7798082/
Thanks!
India will only be able to buy relatively simple chips from China due to equipment controls. What should happen is as more assembly work takes place in India, there will build a demand for chips as well as industrial gases and other products. As this demand grows it should be followed by the building of local component supply in India. Watch firms like Hon Hai and what products they start to assemble in India. The main alternative now seems to be Vietnam but end buyers will want to diversify supply sources. sc