Government ‘examining’ Indian tech company in EU, U.S. sanctions list
The government is examining details of an Indian tech company involved in semiconductor research, that was sanctioned by the European Union on Friday for its dealings with Russia. The company is a partner of the Ministry of Electronics and Information Technology (MeitY) for a very recent “Atmanirbhar Bharat” (Make in India) collaboration, officials confirmed to The Hindu.
The company, Bengaluru-based high-tech firm Si2 Microsystems, has a complex history as it has been banned by the U.S. from “dual-use” technology transfers as well, and its directors had been placed on Lookout Circular (LOC) notices by Indian authorities over debt defaults.