Rs. 50,000 Cr Chip Plant To Be Built By IBM, STMicro In India
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50,000 Cr Chip Plant To Be Built By IBM, STMicro In India

By SiliconIndia   |    1 Comments
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Bangalore: India is all set to get its first chip making facility as two of the biggest global IT giants- IBM and STMicroelectronics are in serious talks with the government on an investment of over 50,000 crore, reports TOI.

According to the report, both STMicroelectronics, who is one of Europe’s largest chipmakers and semiconductor players, and IBM have decided to cash-in an initial investment of 25,000 crore each. The Indian government, on the other hand, is hoping to not just get foreign exchange but also to go for import substitution.

The report also stated that the locations for the chip making facilities have not been decided yet. But, there are some unconfirmed speculations of setting up the facility near Greater Noida, while another proposed site is in Gujarat. India’s IT capital, Bangalore comes in as a third option.

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Reader's comments(1)
1: Really hope BUSINESS CONGLOMERATES establishes their presence in AGARTALA which is a rising city of NORTHEAST and an excellent business prospect between Rest Of India and South East Asia - as part of continued LOOK EAST POLICY from Center and in need of Investment and World Class Infrastructures!

Not a single High Tech corporate, Big IT MNCs, Renowned HOSPITAL Chains, BEST of Higher Educational Institutes, World Class (5 Star) Hotels and Luxury Shopping Malls have presence in TRIPURA - Being 2nd highest populous state in NE and literacy rate crossing 90% (no of unemployment stands 6 lakhs!), need of the hour is to set up IT zones, Industrial corridors (in the line of DELHI-MUMBAI corridor) with invitation to Big IT MNCs (IBM,Accenture,TCS, Infosys, Wipro,HCL,Cognizant), World Class Hospitals (FORTIS, APPOLO,MANIPAL), World Class hotels (Taj, Leela, Oberoi, ITC) to set up their presence at AGARTALA!

TRIPURA is also home to massive talent pool with combination of huge number of working professionals (working in other Metros and abroad currently), local educated youths, youths (and working professionals) from neighboring NORTHEAST states and legal working professionals from Bangladesh!

IMPOSSIBLE - just means I AM POSSIBLE! If India need to catch up with developed part of the world,the most strategically placed Northeast (especially TRIPURA) need to be made into a developed region in the shortest possible time!

I strongly believe TRIPURA govt (in close co-ordination with Center, other concerned dignitaries and all corporate vissionaries) can certainly achieve this sooner rather than late .. which would definitely give its people a better employment opportunities, a better healthcare, a better access to quality education, a quality lifestyle, and last but not the least a confident and connected TRIPURA leading India's charge towards contributing to a more stable and stronger global economy!!
Posted by:Vissionary - 12 Aug, 2013