This is penalty for GOI sleeping.
India pays a high price and China benefits from India's lethargy.
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Intel bypassess India, goes to China, Vietnam
New Delhi, PTI:
World's largest chip maker Intel said its decision to bypass India for setting up a semiconductor manufacturing unit was on account of the government's delay in announcing a policy for the sector.
"We were in serious discussion for chip manufacturing in India but the Government was a bit slow on semiconductor manufacturing proposals," Intel chairman Craig Barrett, who is on his ninth visit to the country, said here.
Barrett justified his decision to go to Vietnam and China by saying "to set up a manufacturing base, we do planning years in advance.. the China and Vietnam plans were made much earlier. As the Government was slow in announcing the policy, in the window period we went to these two countries".
But the Intel chairman had a future assurance for India.
"Past is past.. India is high on our list of future manufacturing destinations if we require additional capacity", he said.
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