India's ambition to build a strong semiconductor and advanced technology manufacturing base is a "great strategy", but its success will depend on how quickly the broader ecosystem is enabled to grow with less red tape and stronger industry coordination, said Rakhee Chachra, Global Leader for
Synopsys, one of the global leaders in Electronics Design and Automation (EDA) with a presence in over 25 countries, announced its plans to set up a Bhubaneswar-based design-centred facility on Friday.