It is no secret that India is on a mission to propose an alternative manufacturing destination to the world. The growing Indian cities need business investments more than ever before to align with this growth trajectory. On the battlefield of technology manufacturing, Taiwan is one of India’s predominant competitors. However, India has a strategy that doesn’t necessarily lock horns with the country, which already has a robust

manufacturing hub. Instead, the Indian government is strategically building ties with Taiwan and finding a way to co-exist. This makes sense as the global semiconductor market is big enough for both countries. According to a McKinsey report, the global semiconductor industry is poised for a decade of growth and is projected to become a trillion-dollar industry by 2030. Furthermore, about 70 percent of growth is forecasted to be propelled by the automotive, computation and data storage, and wireless industries.

A few months ago, the Deputy Minister for Taiwan’s National Development, Kao Shien-Quey, opined that the scope of collaboration between India and Taiwan in areas of emerging and critical technologies, including manufacturing of semiconductors and electronics equipment, is huge. Subsequently, the Taiwanese companies are getting ready to build their plants in India with huge investments as a part of their China plus one strategy. With the recently granted approval for a $1 billion boost to the Apple India plant, Foxconn has now invested more than $2.7 billion in India. The opportunities to build the nation as a semiconductor hub is humongous. We are delighted to present this yearly special issue shedding light on some of the leading companies building nation from different coordinates.

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