$3bn 'FAB CITY' takes wings
సెమీకండక్టర్ పరిశ్రమకు ప్రోత్సాహం
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రెండేళ్లలో ఇష్యూ: వినోద్ అగర్వాల్
1200 ఎకరాల స్థలంలో ఏర్పాటుచేస్తున్న ఫ్యాబ్సిటీ ప్రాజెక్టులో దాదాపు ఆరు ఫ్యాబ్ యూనిట్లు నెలకొల్పేందుకు అవకాశం ఉంటుందని సెమ్ఇండియా ప్రెసిడెంట్, సీఈఓ వినోద్ అగర్వాల్ వెల్లడించారు. సెమ్ఇండియా ఫ్యాబ్ ప్రైవేట్ లిమిటెడ్ పేరుతో తాము ఏర్పాటుచేస్తున్న యూనిట్ను మూడు దశల్లో పూర్తిచేయనున్నట్లు చెప్పారు. ఉత్పత్తి ప్రారంభించిన తర్వాత రెండేళ్ల కాలంలో పబ్లిక్ ఇష్యూకు రానున్నట్లు అగర్వాల్ వెల్లడించారు. ప్రాజెక్టు ప్రారంభించడానికి ప్రభుత్వపరంగా రావాల్సిన అనుమతుల కోసం ఇంకా వేచి చూస్తున్నట్లు చెప్పారు.
HYDERABAD — The first semiconductor or silicon chip manufacturing unit of India is expected to be ready in a year's time, setting in motion of the process of making India self-sufficient in the crucial area of high tech and electronic hardware industry.
Foundation stone was laid in Hyderabad yesterday for $3 billion "FAB City" project, promoted by the US-based SemIndia.
Speaking on the occasion Indian Minister for Communication and Information Technology Dayanidhi Maran said that government will come out with a new policy and special package of incentives for semiconductor manufacturing in the country with in a few weeks to give a boost to the high-tech and electronic hardware industry.
Maran said that without a semiconductor-manufacturing base, India will not be able to emerge as a major hub of hardware manufacturing.
The first phase the FAB City will have an assembly and testing plant with an investment of $100 million. It is expected to be ready with in a year. Subsequently about six Fabs or the semiconductor and chip-manufacturing units will be built with an investment of 3 billion dollars in two phases.
The entire project will be spread over an area of 1,200 acres at Tukkuguda in Ranga Reddy district. The foundation stone plaque was formally unveiled by the State Chief Minister Y. S. Rajasekhara Reddy.
Dayanidhi Maran said that the FAB City will definitely be a Special Economic Zone to make it more viable and workable. "It is not for domestic consumption alone. It is also for exports to ensure that we utilise it fully by exporting to the neighbouring countries," he said.
Quoting the recent study by Frost and Sullivan, Maran said that the demand for electronic consumption would touch $ 350 billion by 2015 and India would have to import semiconductors of $ 40 billion worth. He said that the Fab City project will help in substituting the imports with the locally manufactured semiconductors and it will bring down the cost by 15 per cent.
He said more and more companies were looking at India seriously for the semiconductor manufacturing as it gives them cost advantage also offers a very big market.
"This is why we are taking active steps in establishing core component supply to the emerging electronic manufacturing services companies such as Nokia, Motorola, LG, Flextronics and Solectron etc," he said.
Pointing out that semiconductor industry was very capital intensive and other countries had taken equity participation and given incentives to the industry, Maran said that before drafting the policy Indian government also had to look at what countries like USA, China, Taiwan, Singapore, Malaysia, Germany and Ireland had done and how they had funded the industry.
Vinod Kumar Agarwal, the Chairman and CEO of SemIndia announced strategic partnership with Base Oxygen Corporation (BOC) for providing infrastructure and equipment facilities, gases and vaccum products and services to the FAB City project.
After signing a formal MoU, Sanjiv Lamba, the managing director, South and South East Asia, BOC said that the company will be investing Rs120 crore (approximately $27 million) for each FAB unit of SemIndia in Hyderabad.
The SemIndia has already announced strategic partnerships with Flextronics of Singapore and AMD of the USA. Surbana International of Singapore will develop the Master Plan and township development study for the FAB City project.On the financial closure of the project, Agarwal said that funds were in place for the $ 100 million assembly and testing plant and financial closure for the FAB units will be achieved once the government of India announces its policy for the industry and it becomes clear how much investment will come from the government. Pointing out that Intel for its project in Israel had got a package of 600 million dollars from the government. He said SemIndia will be looking for a comparative package of incentives. Replying to a question he said that partnership with IBM will be announced at an appropriate time.
Courtesy: Khaleej Times