New Delhi: Mukesh Ambani-led Reliance Industries has submitted an over Rs30,000 crore proposal for setting up two manufacturing facilities under the government’s scheme to promote semiconductor technology.
Till now, the government has received seven investment proposals totalling Rs65,000 crore from six companies. Besides Reliance Industries, Videocon Industries, Moser Baer PV Technologies, Titan Energy System, KSK Energy Ventures Pvt Ltd and Signet Solar Inc have submitted their plans with the Department of Information and Technology (DIT), an official statement said.
Proposals received are for manufacture of wide variety of items like Polysilicon, single/multi-crystalline ingots, wafers, solar cells, solar photovoltaic modules (SPV) liquid crystal display (LCD), integrated circuits-advanced logic/memory/embedded system on chip including assembly, test, mar and packaging facility for semiconductor devices.
“The investments are envisaged over a period of ten years,” the statement said.
Under the special incentive package scheme, the central government has to provide incentive of 20% capital expenditure during the first 10 years for the units in SEZs and 25% of the capital expenditure in non-SEZ units.
Any unit can claim incentives in the form of capital subsidy or equity participation. All the seven firms has sought subsidy from the government for setting up their facilities.
Reliance Industries’ proposal for establishment of a semiconductor wafer fab with assembly, test, mark and packaging facility has a total outlay of Rs18,521 crore over a period of 10 years.
Reliance Industries is still to decide the location but it is likely to be at Navi Mumbai, Hyderabad, Mysore or Haryana.
“Reliance would decide the final location of the plant after negotiations for incentives from the respective State Governments,” the statement added.
It has sought subsidy to the tune of Rs5720.70 crore for its two proposed units. It is envisaged that about 4000 people would be employed for the fabrication and ATMP units.
The second Reliance plant is to come up at a cost of Rs11,631 crore at Jamnagar, Gujarat. It will manufacture Polysilicon, single crystal/multi crystalline ingots, solar grade wafers, SPV modules with a capacity of one GW.
The plant is expected to create over 11,000 direct skilled, semiskilled and unskilled jobs in the country.