Unfriendly incentives.

"There is no skilled talent available to handle chip manufacturing plants in India, and there will be a requirement of 10,000-13,000 human resources to meet industry requirements by 2027, a Meity (Ministry of Electronics and Information Technology) official said..., citing an internal report." ET. In April 2022, "Prime Minister Narendra Modi...urged industry to make India a global hub for semiconductors, asserting that the government had 'put the odds in your favor as far as possible through supportive policy environment'." BS. "Multinational companies and long term foreign investors like private equity giant Blackstone have their sights on India," wrote Anjani Trivedi. And yet, "For most firms, big projects that are tendered out end up relying on overseas entities because many of the products and supplies aren't available domestically or in some cases, don't meet global standards." "For new companies entering now, the runway is far longer. Despite the so-called production-linked incentives, the threshold for sales and upfront capital is too high for medium-sized businesses to actually take advantage of subsidies." Earlier this month, "Taiwanese tech giant Foxconn confirmed...that its chairman had visited India, but denied it had 'entered into any binding, definitive agreements' after reports saying it was planning new investments in the country." ET. "China's decision to open its market to the foreign investment has helped the country to become a global superpower, said renowned author and China expert Michael Pillsbury." BT. "For instance, China built infrastructure for companies that wanted to sell smartphones in their country, made them tax-free for 10 years, added Pillsbury. China unleashed this strategy in almost every sector and it succeeded. In comparison to China, India is not very friendly to foreign investment." India is unfriendly not just for foreign companies, but for domestic ones as well. "Regulatory Technology (Regtech) solutions company Teamlease Regtech...released its report titled 'Simplifying Compliance Management for The Logistics and Supply Chain Industry'." ET. It revealed that, "Companies operating in a single state with just one warehouse and a corporate office are required to comply with 648 regulations." And, "In a staggering revelation, around 91% of surveyed logistics and supply-chain companies agreed that they have paid fines and penalties in the last twelve-month period." "Paper in the form of files, circulars, government orders are at the heart of India's bureaucratic tradition. Its roots trace back to the colonial origins of the modern Indian state," wrote Yamini Aiyar. Naturally," They command, they mandate, they threaten, they order officers to get the job done." They, in turn, treat us hapless citizens, the same way. And so, "India's government will not permit social media platforms to host any information that it identifies as false, according to a draft proposal of the country's IT rules." Reuters. Which will give them sole rights say whatever. Even pants on fire stuff.