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Fresh investments in semiconductor sector touches $13.75 Billion
By siliconindia
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Tuesday, 23 September 2008, 16:31 IST
New Delhi: Government's new policy for semiconductor fabs and eco-system units has led to a flow of investments in this sector, which has attracted three new solar photovoltaic (PV) proposals worth nearly 
55, 000 crore ($13.75 billion) in the last two months. With that the overall proposals under the scheme reached to 14 with a total investment of about 1, 36, 000 crore.
"With this kind of investment, the sector is all set to take off. It is now for the industry to take advantage of the proactive policies of the Government and start work on the projects," M. Madhavan Nambiar, who had spearheaded the semiconductor initiative during his just concluded tenure as the Special Secretary in Department of IT, told Business Line.
New investments plans came from Vavasi Telegence which would invest about 39,000 crore for solar photovoltaic and polysilicon unit, EPV Solar, which has plans to invest about 4,000 crore for solar photovoltaic unit and Lanco Solar, with an investment of 12,938 core in solar PV and polysilicon unbit.
To evaluate the projects from technology standpoint, a committee of experts has held its first meeting. Moreover, experts' inputs is critical in evaluation of the projects as Special Incentive Package Scheme (SIPS) which notified last year to encourage investment for semiconductor fabrication and other micro nano technology manufacturing industries, has emphasized on latest technology.
Earlier, proposals had also came from Reliance to start a semiconductor wafer fab worth 18, 521 crore and Videocon to set up a LCD fab of 8, 000 crore.
Apart from that, Moser Baer PV Technologies, Titan Energy Systems, KSK Energy Ventures, Signet Solar, Phoenix Solar India, Tata BP Solar India, Solar Semiconductor, and TF SolarPower have proposals to invest in solar PV space.
55, 000 crore ($13.75 billion) in the last two months. With that the overall proposals under the scheme reached to 14 with a total investment of about 1, 36, 000 crore.
"With this kind of investment, the sector is all set to take off. It is now for the industry to take advantage of the proactive policies of the Government and start work on the projects," M. Madhavan Nambiar, who had spearheaded the semiconductor initiative during his just concluded tenure as the Special Secretary in Department of IT, told Business Line.
New investments plans came from Vavasi Telegence which would invest about 39,000 crore for solar photovoltaic and polysilicon unit, EPV Solar, which has plans to invest about 4,000 crore for solar photovoltaic unit and Lanco Solar, with an investment of 12,938 core in solar PV and polysilicon unbit.
To evaluate the projects from technology standpoint, a committee of experts has held its first meeting. Moreover, experts' inputs is critical in evaluation of the projects as Special Incentive Package Scheme (SIPS) which notified last year to encourage investment for semiconductor fabrication and other micro nano technology manufacturing industries, has emphasized on latest technology.
Earlier, proposals had also came from Reliance to start a semiconductor wafer fab worth 18, 521 crore and Videocon to set up a LCD fab of 8, 000 crore.
Apart from that, Moser Baer PV Technologies, Titan Energy Systems, KSK Energy Ventures, Signet Solar, Phoenix Solar India, Tata BP Solar India, Solar Semiconductor, and TF SolarPower have proposals to invest in solar PV space.