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Indian semicon policy awaits cabinet's approval

Posted: 10 Nov 2006     Print Version  Bookmark and Share

Keywords:Dayanidhi Maran  semiconductor policy  cabinet 

Union Communications & IT Minister Dayanidhi Maran has said that the semiconductor policy would be placed before cabinet for approval soon.

"The draft note on the semiconductor policy, prepared by our ministry, is on the way to the Union cabinet for approval. The policy includes a framework for manufacturing semiconductors, LCD, plasma display TVs, bio chips and photo-voltaic cells," Maran told reporters on the sidelines of an event.

Several stakeholders, including non-resident Indian technocrats and entrepreneurs who had set up silicon foundries in the United States, admitted that were looking forward to the semiconductor policy to set up chip facilities in the sub-continent. Maran said the government was committed to promote the electronics and hardware industry to make India a global hub.

"We are taking one step at a time. The electronics manufacturing sector is projected to be about Rs.1,607,364 crore ($363 billion) by 2015 as against Rs.1,24,870 crore ($28 billion) in 2005. Once the policy takes shape, we will see more activity. The Union finance ministry is working on the taxation and regulatory issues," Maran said.

Referring to the partnership entered into by SemIndia and the Belgium-based IMEC, A day earlier, Prime Minister Manmohan Singh announced near Chennai the UPA government would abolish import tariffs on 217 IT products as agreed at the WTO recently to promote the growth of electronics and IT hardware.

"The newly announced Special Economic Zone policy has been made favourable to electronic firms and a similar policy for the manufacturing will make firms more competitive," Singh said.

- Gulab Chand
  EE Times India

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