News Article
Reliance Looks Abroad For Semiconductor Unit
The Indian industry giant is surveying at least four overseas locations to set up plants for semiconductor manufacturing and solar grade wafer production.
Reliance Industries (RI) appointed PricewaterhouseCoopers as international consultants to carry out location studies for the planned project. RI previously proposed to the Indian Government to set up plants at a cost of Rs 30,000 crore.
Details of specific locations have not been disclosed and it is speculated that it depends on the fluctuating dollar value. Union Communications minister A. Raja confirmed the proposal in April this year.
The government notified the National Semiconductor Policy in March 2007, which includes an incentive regime for semiconductor manufacturing including solar photovoltaic units.
SemIndia has discarded its plans to set up an assembly, test, marking and packaging (ATMP) unit in Hyderabad's FabCity and Hindustan Semiconductor Manufacturing has not yet disclosed its plans for quite some time.
RI is serious about setting up a larger scale solar PV fabrication unit. “We will not set up anything below the capacity of 1 gigawatt which will cost $5 billion to set up and take three years to commission,” the RIL official said.
The project is said to be built in Jamnagar in Gujarat to make polysilicon, single crystalline and multi crystalline ingots, solar wafers, SPV modules.
RI had sought a subsidy of Rs 3,394.56 crore from the government for its first semiconductor plant and Rs 2,326.20 crore for the second. The plants were expected to generate 15,000 skilled and unskilled jobs, according to the Department of Information Technology.
Details of specific locations have not been disclosed and it is speculated that it depends on the fluctuating dollar value. Union Communications minister A. Raja confirmed the proposal in April this year.
The government notified the National Semiconductor Policy in March 2007, which includes an incentive regime for semiconductor manufacturing including solar photovoltaic units.
SemIndia has discarded its plans to set up an assembly, test, marking and packaging (ATMP) unit in Hyderabad's FabCity and Hindustan Semiconductor Manufacturing has not yet disclosed its plans for quite some time.
RI is serious about setting up a larger scale solar PV fabrication unit. “We will not set up anything below the capacity of 1 gigawatt which will cost $5 billion to set up and take three years to commission,” the RIL official said.
The project is said to be built in Jamnagar in Gujarat to make polysilicon, single crystalline and multi crystalline ingots, solar wafers, SPV modules.
RI had sought a subsidy of Rs 3,394.56 crore from the government for its first semiconductor plant and Rs 2,326.20 crore for the second. The plants were expected to generate 15,000 skilled and unskilled jobs, according to the Department of Information Technology.
