‘Semiconductors are new steel to build India’s eco-tech security’: CG Power’s Vellayan Subbiah

CG Power & Industrial Solutions’ entry into the semiconductor business is a response to India’s urgent national need to build domestic manufacturing capabilities in this core technology, said the Murugappa group company’s chairman, Vellayan Subbiah.

Drawing parallels to JRD Tata’s pioneering of steel production in India, the Murugappa group scion said semiconductors are the “new steel”, essential for the country’s medium-term economic and technological security.