India gets $7 billion in semiconductor sectorFebruary 18th, 2008 - 6:44 pm ICT by admin
Bangalore, Feb 18 (IANS) India has attracted committed investments of $7 billion (Rs.280 billion) in the semiconductor industry after the government announced a semiconductor policy last fiscal (2007-07), said a top official. “Besides these committed investments, five more proposals with a combined investment of $800 million (Rs.32 billion) have been given in-principle approval for setting up captive solar photovoltaic (PV) cell manufacturing facilities in the Fab City coming up in Hyderabad,” Minister of State for Commerce Jairam Ramesh told reporters here Monday.
In addition, three proposals from Videocon ($250 million), Moser Baser ($2 billion) and Hindustan Semiconductor Manufacturing Co ($1 billion) for setting up manufacturing facilities in semiconductors and solar PV cells are being actively considered by communications and IT ministry.
“Reliance Industries has made an expression of interest to set up a mega solar PV cell plant with an upfront investment of $5 billion (Rs.200 billion) at Jamnagar in Gujarat,” Ramesh said after inaugurating the two-day ISA (Indian Semiconductor Association) Vision Summit 2008.
Giving the breakup of committed and proposed investments in the emerging semiconductor sector, Ramesh said SemIndia Systems Ltd would invest $3 billion (Rs.120 billion) to set up ATMP (assembly, test, marking and packaging) facility in phase one and a fabrication unit to make silicon chips for domestic and export markets in phase two by 2011.
“Neotech Solutions India will invest $2 billion (Rs.80 billion) to manufacture solar PV cells as part of the ecosystem being built in the Fab City. The Delhi-based company has been allotted 50 acres of land.”
“Similarly, Hyderabad-based Solar Semiconductor will invest $1 billion (Rs.40 billion) to produce high-quality PV modules. Titan Energy Systems Ltd, another Hyderabad-based leading PV modules manufacturer, will invest $750 million for setting up its second unit in the Fab City, which has been given the special economic zone (SEZ) status.”
Solar Semiconductor has also been allotted 50 acres in the 1,200-acre Fab City, located near the greenfield Rajiv Gandhi International Airport at Shamshabad on the outskirts of Hyderabad.
Three other companies, which have been cleared to set up their PV cells manufacturing units are XL Telecom and Energy Ltd ($75 million), KSK Energy Ventures Ltd ($70 million) and Embedded Systems Solutions ($5 million).
The first two firms, which are Hyderabad-based, have been allotted 50 acres each, while the third firm (Bangalore-based Embedded Systems) has been given 10 acres.
The five companies whose applications have been approved in-principle to set up solar PV cells manufacturing plants in Fab City with a combined investment of $800 million (Rs.32 billion) included Chandradeep Solar (three acres), NeoTech Solutions (10 acres), Photon Energy Systems (10 acres), Ram Terra Solar (25 acres) and Surana Ventures (25 acres).
- Semiconductor industry attracts $7 bn in investments - Feb 18, 2008
- India's first 3 MW solar plant unveiled in Karnataka - Jun 17, 2010
- Karnataka gets Rs.5-trillion worth investment proposals (Lead) - Jun 07, 2012
- Magsaysay awardee plans to electrify 1,000 rural homes - Nov 21, 2011
- Andhra inks MoUs for Rs.6.5 lakh crore investment (Lead) - Jan 13, 2012
- Farooq advocates increased use of solar power (Lead) - Jun 17, 2010
- 'Investment in solar power projects to double by 2015' - Oct 28, 2010
- BHEL to set up 5MW solar power plant in Karnataka - Jun 18, 2011
- Infosys gets nod for two more centres in Bangalore - May 24, 2010
- Pharma company Granules India's net profit up 42 percent - Jan 24, 2012
- Once bitten, Karnataka not shy to woo investors again - Jun 06, 2012
- Micromax, Cipla to set up units in Himachal - May 09, 2011
- World-class Sports City to come up near Hyderabad (Lead) - Jan 13, 2012
- Abound Solar, Solarsis commission plant in Andhra - Jan 16, 2012
- Tata Power to buy remaining 51 percent stake in Tata BP Solar - Dec 27, 2011
Tags: assembly test, expression of interest, fab city, jairam ramesh, jamnagar, neotech, pv cells, reliance industries, rs 120, rs 40, semiconductor industry, semiconductor manufacturing, semiconductor sector, semindia, silicon chips, solar photovoltaic, solar pv cell, titan energy, upfront investment, vision summit