In absence of sovereign buyers, Indian chip firms find clients in Japan, EU
A demand gap
“Most users of chips, such as power, automotive, aviation and other sectors, have set vendors with long-term contracts around the world. These contracts aren’t easy to break just because there’s a new facility somewhere. Sovereign demand from within India, at any rate, was meant to be sourced through government procurement deals—which are either too small and at early pilot stages, or are too few to meaningfully count for now,” the executive said.
