A local semiconductor manufacturing industry can support the development and manufacturing of sensors required for India specific Internet of Things (IoT) products, especially in the domains of agriculture, healthcare, smart cities, safety and waste management. The report estimates establishing such an industry would witness a pay back of 6.3X in terms of economic impact.
from Hardware-Tech-Economic Times https://economictimes.indiatimes.com/tech/hardware/israel-keen-to-support-growth-of-indian-semi-conductor-industry/articleshow/72991105.cms
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