News Snapshot:
A “cumbersome” administrative structure, lack of experienced engineers, high tariffs on electronics component imports and inadequate infrastructure — these are some of the challenges that India needs to address before chip companies from the island territory start to commit serious investments, a top Taiwanese government representative said. Responding to a question from The Indian Express on what has stopped Taiwanese chip companies from investing in India, Joseph Wu, Taiwan’s Minister of Foreign Affairs, also said the country should focus on signing a long-negotiated free trade agreement (FTA) with Taiwan that would allow companies in the semiconductor supply chain to import...