Title: Nehru & Indira drove away Intel from India; it went to China: BJP
In a recent statement, BJP MP Nishikant Dubey has claimed that the former Prime Ministers, Jawaharlal Nehru and Indira Gandhi, drove away semiconductor companies like Intel and Fairchild from India, forcing these companies to establish themselves in China. This statement has sent shockwaves across the nation, with many questioning the validity of Dubey’s claims.
According to Dubey, the lack of a conducive business environment and regulatory hurdles were the primary reasons for Intel and Fairchild to leave India and set up shop in China. He stated, “It was because of Intel that Silicon Valley developed in America, where more than half of the jobs are held by Indians.” Dubey’s statement suggests that if Intel had remained in India, the country would have developed a thriving tech industry, and many Indians would be employed in the sector.
The claim made by Dubey is quite surprising, as it goes against the commonly held perception that India has been a hub for IT and technology companies for decades. However, Dubey’s statement is not without basis. Intel did have a presence in India in the 1980s, but it eventually left the country due to the challenging business environment.
In the 1980s, Intel had set up a manufacturing facility in India, which was a significant investment for the company. However, the facility was shut down in the early 1990s due to a combination of factors, including high taxes, regulatory hurdles, and a lack of skilled labor. The company’s decision to leave India was seen as a significant setback for the country’s tech industry, as it was one of the earliest entrants in the Indian market.
Fairchild, another major semiconductor company, also had a presence in India during the 1980s. However, it too left the country due to the challenging business environment and the lack of a conducive regulatory framework. Fairchild’s decision to leave India was seen as a significant blow to the country’s tech industry, as it was one of the leading players in the global semiconductor market.
The departure of Intel and Fairchild from India was a major setback for the country’s tech industry, as it was a loss of significant investment and expertise. The country’s tech industry was still in its infancy, and the departure of these companies made it difficult for other companies to establish themselves in the market.
However, Dubey’s claim that Nehru and Indira Gandhi were responsible for driving away Intel and Fairchild from India is a bit far-fetched. While it is true that the business environment in India during the 1980s was challenging, it is difficult to attribute the departure of Intel and Fairchild solely to the actions of these two leaders.
The departure of Intel and Fairchild from India was a complex issue, and it was the result of a combination of factors, including the challenging business environment, regulatory hurdles, and a lack of skilled labor. The country’s tech industry was still in its infancy, and it took several years for the government to put in place a conducive regulatory framework to attract foreign investment.
In recent years, India has made significant progress in attracting foreign investment in the tech sector. The country has become a major hub for IT and technology companies, and many global companies have established themselves in the country. The government has also taken steps to improve the business environment and provide incentives to companies to invest in the country.
In conclusion, while Dubey’s statement may be a bit far-fetched, it does highlight the challenges that India faced in the 1980s in attracting foreign investment in the tech sector. The departure of Intel and Fairchild from India was a significant setback for the country’s tech industry, but it also served as a wake-up call for the government to take steps to improve the business environment and attract foreign investment.
As India continues to grow and develop as a major hub for IT and technology companies, it is important for the government to learn from the past and take steps to create a conducive regulatory framework to attract foreign investment. The country’s tech industry has come a long way since the 1980s, and it is important for the government to continue to support the industry and attract foreign investment to drive growth and development.
News Source:
https://x.com/nishikant_dubey/status/1956538914207883396
