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Solar projects top Indian IC prospects

Posted: 06 Aug 2008 ?? ?Print Version ?Bookmark and Share

Keywords:India solar project? energy? power? India IC policy?

The Indian government is reviewing a dozen proposals worth $23 billion under its IC and electronics manufacturing policy to determine which are eligible for an incentive package announced last year.

Most of the proposed investments are for manufacturing solar photovoltaic panels.

Among the proposals are a semiconductor wafer fabrication plant and a plan to manufacture TFT and LCD flat-panel displays. All proposals will be examined by a panel of technical experts created by the federal Department of Information Technology, according to A. Raja, minister for communications and information technology.

The proposals will be screened for their technological and economic viability. Some will be given government subsidies and other benefits.

Based on the incentive scheme aimed at boosting India's electronics manufacturing, the government would provide 20 percent of capital expenditures during the first 10 years for technology projects located in special economic zones. It would also give 25 percent of capital expenditures for projects outside these zones. Incentives include financial subsidies and equity participation.

The single largest project is the $4.4 billion wafer fab submitted by Reliance Industries, which also proposed a $2.7-billion project to manufacture solar photovoltaic panels and polysilicon materials that will be used to make panels.

A $2-billion proposal by consumer electronics manufacturer Videocon Industries calls for manufacturing TFT and LCD displays. Earlier, it acquired the picture tube manufacturing unit of Thomson Multimedia.

Other proposals included a $3-billion plan to make photovoltaic panels and polysilicon by Lanco Solar (Private) Ltd and a $2.7-billion proposal by Solar Semiconductor to manufacture PV panels.

- K.C. Krishnadas
EE Times

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