Monday, August 4, 2008
The Indian government is reviewing a dozen proposals worth $23 billion under its semiconductor and electronics manufacturing policy to determine which are eligible for an incentive package announced last year.
Most of the proposed investments are for manufacturing solar photovoltaic panels.
Among the proposals are a semiconductor wafer fabrication plant and a plan to manufacture TFT and LCD flat-panel displays. All proposals will be reviewed by a panel of technical experts created by the federal Department of Information Technology, according to A. Raja, minister for communications and information technology.
The proposals will be screened for technological and economic viability, among other things. Some will receive government subsidies and other benefits.
According to the incentive scheme meant to boost India's meager electronics manufacturing, the government would provide 20 percent of capital expenditures during the first 10 years for technology projects located in special economic zones. It would provide 25 percent of capital expenditures for projects outside these zones. Incentives include financial subsidies and equity participation.
The single largest project is the $4.4 billion wafer fab submitted by Reliance Industries, which also submitted a $2.7 billion proposal to manufacture solar photovoltaic panels and polysilicon materials used to make panels.
A $2 billion proposal by consumer electronics manufacturer Videocon calls for manufacturing TFT and LCD displays. Videocon earlier acquired the picture tube manufacturing unit of France's Thomson.
Other proposals included a $3 billion plan to make photovoltaic panels and polysilicon by Lanco Solar (Private) Ltd. and a $2.7 billion proposal by Solar Semiconductor to manufacture PV panels.
By: DocMemory
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