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March 22nd, 2007
Semiconductor policy notified
In cases where projects have a 1:1 debt to equity ratio, the government will restrict its equity participation to around 26 per cent. The remaining part "will be in the form of interest-free loans, tax subsidies and concessions", according to the IT minister.
The policy covers LCDs, plasmas, storage devices, solar cells, photo-voltaics and nanotechnology products, as well as assembly and testing of these products.
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