Mumbai, September 21, 2008
The Hindu Business Line
The Union Government has received investment proposals of about Rs 80,000 crore under Special Incentive Package Scheme (SIPS) to encourage investments for setting up semiconductor fabrication, said Dr T.C. Tripathi, Adviser, Union Ministry of New and Renewable Resources. SIPS was announced by the Government in February 2007. Dr Tripathi said that every major business house has shown interest in manufacturing some component of the semiconductor value chain. If all the interested parties set up projects, then in 10 years it will add 9 gigawatts of power, he said. He said that the India companies are even willing to manufacture polysilicon wafers, which form the basis of the semiconductors industry.
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