RS 30K-CR FAB CITY PLAN

Rajiv Shah, Gandhinagar, August 3, 2008
The Times of IndiaGujarat could well give Andhra Pradesh a run for its money as India's fab capital with Hindustan Semiconductor & Manufacturing Company (HSMC), a consortium of NRIs based out of Silicon Valley, eyeing a Rs 30,000-crore Fab City project spread over 700 acres for manufacturing semi-conductors in the state.

According to top Gujarat government (GoG) officials, HSMC has evinced keenness on setting up the mega-project at Prantij, nearly 60 km north of Ahmedabad.

While HSMC chairman Deven Verma is learnt to have met Chief Minister Narendra Modi in April 2008, senior HSMC executives made a detailed presentation on Fab City to principal secretary (industries) Gauri Kumar in early July 2008. HSMC already has a MoU with Infrastructure Lease & Finance Service (IL&FS) for providing necessary infrastructure logistics.

Interestingly, HSMC's Fab City is understood to be one of the biggest projects being lined up for signing at the upcoming Vibrant Gujarat summit in January next year.