if you think so then why some of the good designers in US are from india?
the reason india dose not have a very big vlsi industry is dur to late PM rajiv Gandhi and Sam pitroda. they had refused an offer from VLSI corp fo open a vlsi design centre in india. vlsi copr shifted to tiwan. sam pitroda has said that india will built its vlsi facility on its own and hence SCL chandighar was creates.
you can compare SCL and TSMC and make your own conclusion.