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According to India’s government, the microprocessor chips that power all things digital will soon be fully made in India. It’s an ambition as unlikely as it is bold, and speaks volumes about Mr. Modi’s belief that he can propel India into the top tier of advanced technology manufacturing.
In July, a legion of fawning foreign businessmen lined up onstage behind Mr. Modi in his home state of Gujarat. About $10 billion in subsidies are at stake, ready to fund 50 percent or even 70 percent of any company’s outlay. Anil Agarwal, the chairman of Vedanta, a British mining and metals group, told reporters to expect “Vedanta made-in-India chips” by 2025.
