It just means that the gov. will check the credibility/credit of these two companies and if all is well then the gov. will grant them subsidies/loans, to facilitate the setting up of plants.
New Recruit
yet again major industrialization boost by upaBANGALORE: The department of electronics and information technology (DeitY) has received proposals for investments worth a total of about Rs 65,000 crore in the area of semiconductor and electronics manufacturing.
Of these, proposals for investments of about Rs 13,800 crore are under an incentive scheme, and the remaining accounts for investments in two silicon wafer foundries India is looking to build. At the IESA Vision Summit 2014, the annual industry conclave of Indian Electronics and Semiconductor Association, J Satyanarayana, secretary of DeitY, said, "We have identified 2014 as 'Made in India' year. We are creating the infrastructure for the sector."
Over the past year, the government has announced a number of incentives for encouraging electronic manufacturing in the country known as Modified Special Incentive Package Scheme (M-SIPS), under which companies in certain electronic clusters will get about 25 per cent of costs as subsidies.
So far, the department has received over Rs 13,800 crore of investments proposals and cleared proposals worthRs 4,000 crore. "Many companies like Samsung and Bosch have received the approval for setting up their units in Noida.
Apart from this, government has set a corpus sum of Rs 30,000 crore for setting up electronic manufacturing clusters." IESA has been working with the government to reduce India's dependence on imports for electronic components. According to a report by IESA, the industry is expected to grow at a CAGR of 9.9 per cent to reach $94.2 billion (Rs 5.9 lakh crore) by 2015.
Currently, over 65 per cent of electronic products are imported and even the rest is mainly low-value added manufacturing. Satyanarayana stressed the need of India designing wafers. "Unless that happens, it won't give fillip to manufacturing in the country." India's first semiconductor characterisation lab is expected to come up in Bangalore in the next six months, said Omkar Rai, director-general of STPI.
Right now, 'fab-less' companies, meaning firms which don't have their own foundries, in India have to rely on countries such as Singapore or Taiwan (if there is a bulk order) for characterisation of their semicon wafers. Characterisation refers to figuring out how well a particular semiconductor design works.
The project, jointly developed by the Karnataka government, STPI and IESA, will be based on the PPP model and Bangalore-based Tessolve has been identified as the vendor to carry out this project.
Depending on the success of this lab, a second one is being planned in Bhubhaneswar and is expected to come up in a year's time. The central government has also given an in-principle nod for setting up India's first Electronic System Design and Manufacturing (ESDM) brown-field cluster in Electronic City, Bangalore at an estimated cost of Rs 85.15 crore.
I still don't get it why people are linking development projects to any party. Especially projects likes this, which we needed way back in the 80'. If this was just a congress govt. decision then they could have taken it 20 years ago. I have said this before also and am going to say it again, it couldn't have mattered who was in power, this kind of project could have taken place none the less.
Ur most welcome sevraj.
1.) U mean if anything bad by govt then one should automaticaly blame congress but if anything positive by govt. then congress don't get any credit?
2.) Why don't u apply same logic on Modi who takes credit of even Amul Milk which is 40 years old thing in the times of congress both in Gujarat or central govt.
Ofcourse the above is provided by the gov., but it couldn't have mattered who was in power. The project could have got sanctioned anyway, same goes for the green revolution and semi conductor fab units.
Rehen de bhai . Pehli baar to 4 + 1/2 years mey congress ne acha kaam kiya hai , phir bhi vote to Modi hi milegaSomeone tell this frustrated congress boot licker that these kind of Development fundings are a responsibility of GOI and not some bloody "Ehsaan" to this Nation
Butt Sahib! Hud hundi a@levina doesn't even know what a conductor is let alone a semi or a super conductor !
In her Engineering Exams when she asked to name a Semi-Conductor used in the manufacture of Bus Engines she wrote :
Praful the part time Bus Conductor !
At least you were better than @Ayush who wrote 'I don't take Bus to college so I don't know what his name is' !
u are jealous@levina doesn't even know what a conductor is let alone a semi or a super conductor !
In her Engineering Exams when she asked to name a Semi-Conductor used in the manufacture of Bus Engines she wrote :
Praful the part time Bus Conductor !
At least you were better than @Ayush who wrote 'I don't take Bus to college so I don't know what his name is' !
