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UPS to manufacture parcel tracking tags in India

United Parcel Service (UPS) has announced plans to manufacture tags used in tracking packages in the country. Union Minister Rajeev Chandrasekhar welcomed the US based company’s move to invest in chip manufacturing capabilities in India.
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It is reported that the company is in touch with some of the state governments for locating a perfect manufacturing site.

India is on the path to becoming a key player in the global semiconductor supply chain with $10 billion of incentives provided to encourage local chip manufacturing. Global giants like Apple, FedEx and Foxconn — along with US-based semiconductor giant Micron — are scaling up manufacturing in India.

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