Govt. approves incentives for chip manufacturing sector
Facebook Twitter google+ RSS Feed

Govt. approves incentives for chip manufacturing sector

By SiliconIndia   |   Thursday, 22 February 2007, 06:00 Hrs
Printer Print Email Email
NEW DELHI: The Indian cabinet gave its approval to a proposal that sought financial incentives to semiconductor manufacturers such as Intel Corp. in order to attract more investments, reported a national daily.

India will offer incentives of between 20 percent and 25 percent of the capital expenditure for semiconductors and plasma display panel plants located in India during the first 10 years, Information Technology Minister Dayanidhi Maran said at a press conference in New Delhi today.

A minimum investment of Rs25 billion will be needed to qualify for the incentives, he noted, while adding that India expects as much as $9 billion in investments from semiconductor makers.

Experts on SiliconIndia
Santhosh  K
Sr. Soft. Engg.
Oracle India
Nehal Vyas
Sr. Team Lead
Cyberoam Tech.
Rani Malli
Sr. Director
Sr. Executive
Vijay Balkrishna Konduskar
Business Consultant
Imans Web Tech
Dr L P  Sharma
Technical Director
Reena Khanna
Dellas  Asse
sys-network admin
Computer Station
Write your comment now
Submit Reset