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A Good Year For Semiconductor Industry
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The Indian Government nods approval to the 'Special Incentive Package Scheme', says a minister.
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Thursday, March 15, 2007:
Year 2007 seems bright for the Indian semiconductor industry. The year started with the concretion of the long-awaited semiconductor policy. Building further confidence within the industry, the minister of state for communications and information technology, Dr Shakeel Ahmad, has informed that the Government has accorded approval to the 'Special Incentive Package Scheme' to attract investments for setting up semiconductor fabrication and other micro- and nanotechnology manufacturing industries in India.
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The breath of relief for the industry came last month with the announcement of the semiconductor policy. The policy, that is expected to attract investments of over $10 billion into the country, promised special incentive packages to encourage various manufacturing industries.
The incentive would be 20 per cent of the capital expenditure if the units are set up in the Special Economic Zones (SEZ). For units set up outside SEZ, the incentive would be 25 per cent of the capital expenditure plus exemption from countervailing duty (CVD). ‘Fab units’ with threshold Net Present Value (NPV) investment of Rs 2500 crore would be covered by the Special Incentive Package Scheme. For other units in the ecosystem, there would be a threshold NPV investment of Rs 1000 crore. The details to implement the scheme are being finalised.
The incentives will be for the manufacturers of all semiconductors, displays including LCDs, organic light emitting diodes, plasma display panels and any other emerging displays, storage devices, solar cells; photo voltaics; other advanced micro- and nanotechnology products; assembly and test.
Dr Ahmad further stated that the extent to which manufacturing units of semiconductor will be set up would depend upon the response of the investors to make such investments following the approval of this scheme. The investment and employment which will be generated will depend upon the number of such units set up.
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