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Investments flow to Indian semiconductor sector
By siliconindia
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Thursday, 07 August 2008, 17:17 IST
New Delhi: Recently announced Fab policy (semiconductor policy) is expected to bring more investment in the semiconductor production sector in India. Initially, 12 prospective players are looking to invest 
93,000 crore for further development of the industry.
Among the companies who offer big investment in the sector, Reliance Industries has approached the Central government to start a semiconductor wafer fab in India worth 18, 500 crore, and to set up solar photo voltaic polysilicon plant worth 11,631 crore.
Apart from that Videocon Industries has given a proposal of 8,000 crore to make a TFT LCD Flat Panel. PV technologies India has a plan of 6,000 crore for solar PV.
Moreover, Titan Energy System's solar PV, polysilicon plan includes Rs 5880.58 crore and KSK Surya Photovoltaic Ventures' Solar PV proposal projects investments of Rs 3,211 crore.
Additionally, there are proposals include Signet Solar Inc?s 9,672 crore plan to build a solar PV plant and a proposal worth Rs 1,200 crore of Phoenix Solar India to start another solar PV.
Other major proposals consist of Tata BP Solar India solar PV unit for 1,692.80 crore, Solar Semiconductor's Solar PV plant at Rs 11,821 and TF Solar Power's Solar PV plant investment is at 2,348 crore. Lanco Solar has sent a proposal for Solar PV, Polysilicon plant at a cost of 12,938 crore.
According to a Press Information Bureau release, Department of Information Technology has set up a panel of technical experts to evaluate the proposals.
A Raja, IT minister of India said "The promoters will come up to the Appraisal Committee for sanction of subsidy under the scheme once they have reached the threshold limit of investment, as indicated in the guidelines of the Special Incentive Package Scheme."
93,000 crore for further development of the industry.
Among the companies who offer big investment in the sector, Reliance Industries has approached the Central government to start a semiconductor wafer fab in India worth 18, 500 crore, and to set up solar photo voltaic polysilicon plant worth 11,631 crore.
Apart from that Videocon Industries has given a proposal of 8,000 crore to make a TFT LCD Flat Panel. PV technologies India has a plan of 6,000 crore for solar PV.
Moreover, Titan Energy System's solar PV, polysilicon plan includes Rs 5880.58 crore and KSK Surya Photovoltaic Ventures' Solar PV proposal projects investments of Rs 3,211 crore.
Additionally, there are proposals include Signet Solar Inc?s 9,672 crore plan to build a solar PV plant and a proposal worth Rs 1,200 crore of Phoenix Solar India to start another solar PV.
Other major proposals consist of Tata BP Solar India solar PV unit for 1,692.80 crore, Solar Semiconductor's Solar PV plant at Rs 11,821 and TF Solar Power's Solar PV plant investment is at 2,348 crore. Lanco Solar has sent a proposal for Solar PV, Polysilicon plant at a cost of 12,938 crore.
According to a Press Information Bureau release, Department of Information Technology has set up a panel of technical experts to evaluate the proposals.
A Raja, IT minister of India said "The promoters will come up to the Appraisal Committee for sanction of subsidy under the scheme once they have reached the threshold limit of investment, as indicated in the guidelines of the Special Incentive Package Scheme."
