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Total investment envisaged is Rs.50,000 crore
The Central Government would soon set up two plants to manufacture semiconductor wafers with a total investment of Rs.50,000 crore to boost India's electronic hardware production, Minister of State for Planning Ashwani Kumar said on Friday.
“Approval has been granted for it...we are taking it to the Cabinet for establishment of two large wafer and semi-conductor facilities costing Rs.25,000-crore each. The facilities are intended to breach the mismatch between demand and supply for electronic hardware in the country and are intended to act as a catalyst for fulfilling the XII Plan (2012-17) target of 11-12 per cent growth in the manufacturing sector,” Mr. Kumar told journalists here.
Referring to the XII Plan, Mr. Kumar said it was intended to pave the way for India to become the world's third largest economy by 2030-35. “The XII Plan will provide a major thrust on enhancing domestic capability of manufacturing electronic equipment. After 25-30 years, our import bill of electronic hardware may well exceed the import bill of fuel and oil. So that is the extent of mismatch between capacity and demand in the electronic hardware manufacturing area,” he said.
The Ministry of Planning and the Planning Commission have taken an in-principle decision to recommend to the government a policy framework for granting preferential access to domestic manufacturers during procurement of electronic equipment by the government. This would include all kinds of electronic equipment including those used in railways and telecom, he added.
Pointing out that the Planning Commission would set up a target of 9-9.5 per cent annual average growth during the XII Plan period, the Minister said: “The growth of the manufactured segment has not been up to the desired levels. We need our manufacturing sector to grow by at least 11-12 per cent during the XII Plan...but a growth of 9 per cent cannot be achieved without an average 4 per cent growth in farm sector”.
Mr. Kumar also said the Planning Commission also aimed at creating 20-lakh new jobs every year during the next Plan period in the manufacturing sector. The target was to have a 7 per cent annual growth in the power sector, while keeping in mind concerns for the environment and ecology. “The target is to increase power generation capacity addition from the estimated 52,000 MW in the XI Plan to 1-lakh MW in the next five-year period. Ours is still a modest target if we look at the fact that China's power generation capacity is 8 lakh MW annually,” he said.
On water, the Planning Commission has already discussed the possibility of creating a new Groundwater Law or Groundwater Framework for better management, rational use and availability of the precious resource, he said.
The Hindu : Business / Economy : Centre to set up two semiconductor wafer units
The Central Government would soon set up two plants to manufacture semiconductor wafers with a total investment of Rs.50,000 crore to boost India's electronic hardware production, Minister of State for Planning Ashwani Kumar said on Friday.
“Approval has been granted for it...we are taking it to the Cabinet for establishment of two large wafer and semi-conductor facilities costing Rs.25,000-crore each. The facilities are intended to breach the mismatch between demand and supply for electronic hardware in the country and are intended to act as a catalyst for fulfilling the XII Plan (2012-17) target of 11-12 per cent growth in the manufacturing sector,” Mr. Kumar told journalists here.
Referring to the XII Plan, Mr. Kumar said it was intended to pave the way for India to become the world's third largest economy by 2030-35. “The XII Plan will provide a major thrust on enhancing domestic capability of manufacturing electronic equipment. After 25-30 years, our import bill of electronic hardware may well exceed the import bill of fuel and oil. So that is the extent of mismatch between capacity and demand in the electronic hardware manufacturing area,” he said.
The Ministry of Planning and the Planning Commission have taken an in-principle decision to recommend to the government a policy framework for granting preferential access to domestic manufacturers during procurement of electronic equipment by the government. This would include all kinds of electronic equipment including those used in railways and telecom, he added.
Pointing out that the Planning Commission would set up a target of 9-9.5 per cent annual average growth during the XII Plan period, the Minister said: “The growth of the manufactured segment has not been up to the desired levels. We need our manufacturing sector to grow by at least 11-12 per cent during the XII Plan...but a growth of 9 per cent cannot be achieved without an average 4 per cent growth in farm sector”.
Mr. Kumar also said the Planning Commission also aimed at creating 20-lakh new jobs every year during the next Plan period in the manufacturing sector. The target was to have a 7 per cent annual growth in the power sector, while keeping in mind concerns for the environment and ecology. “The target is to increase power generation capacity addition from the estimated 52,000 MW in the XI Plan to 1-lakh MW in the next five-year period. Ours is still a modest target if we look at the fact that China's power generation capacity is 8 lakh MW annually,” he said.
On water, the Planning Commission has already discussed the possibility of creating a new Groundwater Law or Groundwater Framework for better management, rational use and availability of the precious resource, he said.
The Hindu : Business / Economy : Centre to set up two semiconductor wafer units
