LONDON – The Indian government has received approaches from 11 companies with regard to locating wafer fabs in India, according to a Business Standard
report, which referenced as its source P.S.Narotra, a senior director in the Department of Information Technology within the Ministry of Communications and Information Technology.
"The Department of Information Technology (DIT) has received proposals from 11 companies to set up wafer fabrication plant in India. There are a couple of domestic firms and the others are foreign firms," the report quotes Narotra telling reporters on the sidelines of the Electronica India exhibition, being held in Bangalore.
The companies were responding to an advert published at the end of June by the recently set up Empowered Committee. The committee, set up in April, is chartered with helping set up at least two wafer fabs at a projected cost of about $5 billion. The committee is in place to identify technologies and investors and to negotiate the level and nature of government support and the mix of grants and subsidies.
The companies were not named but Narotra said that some were seriously pursuing the opportunity and seeking additional information, the report said.
India is keen to set up local manufacturing because it can foresee exploding demand in India for consumer electronics which is set to be met by imports the country can ill-afford. Local chip manufacturing will not only offset those imports but, the government believes, bolster an ecosystem from chips through software to systems.Related links and articles:
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