Govt. approves incentives for chip manufacturing sector
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Govt. approves incentives for chip manufacturing sector

By SiliconIndia   |   Thursday, 22 February 2007, 06:00 Hrs
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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.

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