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In view of the acute shortage of chips in the automobile sector, the government will form a task force, this is a new preparation

TV9 No.

Government’s focus on addressing the shortage of chips in the automobile sector

Not only India but auto companies around the world are facing the shortage of semiconductors. In such a situation, the central government is trying its best to get the auto sector out of the chip shortage.

  • TV9 No.
  • Publish Date – 12:13 pm, Wed, 6 October 21Edited By: Sunil Chaurasia
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A big news is coming for the automobile sector at this time. In view of the acute shortage of chips used in automobile manufacturing, the government is preparing to form a special task force. Let us tell you that these days the entire automobile sector is facing the shortage of chip or semiconductor. To overcome this shortage of semiconductors, a task force will be formed, whose main focus will be on meeting this shortcoming. According to reports, this task force will give short and long term recommendations to meet the chip shortfalls used in automobile manufacturing.

Full focus will be on getting out of chip shortage

Maruti Suzuki had recently said that efforts are being made for global supply of semiconductors, but it may take time. Let us tell you that not only India but auto companies around the world are facing the shortage of semiconductors. In such a situation, the central government is trying its best to get the auto sector out of the chip shortage. As we have just told you that the task force will issue short and long term recommendations. While there will be work on the supply chain in the short term, the long term recommendations will focus on setting up chip plants in India.

Considering giving incentives to chip makers

Let us tell you that incentives are also being considered for companies doing chip manufacturing in India, so that companies can set up their plants in India as soon as possible and get rid of this huge shortage. Continuous talks are also taking place with many companies for chip manufacturing. In view of the acute shortage of chips, the Tata Group has expressed interest in chip manufacturing in India. Apart from this, an Israeli company also wants to set up its plant in Gujarat to make chips and they are in touch with the Indian government.

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Shehnaz Ali
Shehnaz is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing about Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.

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