I dont think those morons know what fabs are. "Semiconductor plants" ?
Fabs needs subsidies. Taiwan, Korea and China all do it. But India will try to subsidise foreign-owned fabs. I know the US is doing it with TSMC's Arizona plant but Intel is still a player (even if a laggard). Europe has ASML and ST electronics. What does India have? Just throwing billions on foreign companies seem a bit desperate to me.
All fabs will go to india with their techs to...pay more taxes to india ??while honoring india's "please give us the tech" request?