India gets $7 billion in semiconductor sector

February 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).

Related Stories

Tags: , , , , , , , , , , , , , , , , , , ,

Posted in Sci-Tech |