Government calls for EoI to set-up semiconductor fab plant
Thursday, 23 June 2011, 23:27 IST
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NEW DELHI: The government of India invited an expression of interest from technology providers and investors for setting up a semiconductor fabrication plant in the country to meet fast-growing demand in the electronics sector. In the microelectronics industry, a semiconductor fabrication plant (commonly called a fab) is a factory where devices such as integrated circuits are manufactured. The Empowered Committee set up by the government of India invites a preliminary Expression of Interest (EoI) from potential technology providers and investors for setting up of semiconductor fabs in India, an advertisement by the Department of Information Technology said. "The government of India is in the process of developing a policy framework to provide preference for domestically produced electronics goods in government/government influenced procurement," the advertisement added. The advertisement sought replies from both domestic and foreign technology providers and investors. In order to promote semiconductor manufacturing, the government has already allowed 100 per cent foreign direct investment (FDI) under the automatic route in fabs. Apart from attractive financial incentives for capital investment in the projects, the government of India will also provide assistance for setting up world-class infrastructure for the semiconductor fabs and its eco-system units, the announcement said.
Source: PTI
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