Moumita Bakshi Chatterjee, New Delhi, September 22, 2008
The Hindu Business Line
In the last two months, the Government’s policy for semiconductor fabs and eco-system units has attracted three new solar photovoltaic (PV) proposals together worth nearly Rs 55,000 crore, thus taking the overall proposals under the scheme to 14 and the total investment commitment to almost Rs 1,36,000 crore.
“With this kind of investment, the sector is all set to take off. It is now for the industry to take advantage of the proactive policies of the Government and start work on the projects,” said M. Madhavan Nambiar, who had spearheaded the semiconductor initiative during his just concluded tenure as the Special Secretary in Department of IT. Nambiar took over as Secretary, Ministry of Civil Aviation, earlier this month.
According to sources, three new applicants – EPV Solar, Vavasi Telegence and Lanco Solar – have entered the fray. While Vavasi Telegence has indicated an investment of about Rs 39,000 crore for solar photovoltaic and polysilicon unit, EPV Solar has proposed an investment of Rs 4,000 crore for solar photovoltaic unit.
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