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September 14th, 2007
In a bid to attract investments worth billions of dollars and put India on the global semiconductor map, the government today issued guidelines for firms in the segment.
The policy covers LCDs, plasmas, storage devices, solar cells, photo-voltaics and nanotechnology products and includes assembly and testing of these products. The domestic market for electronics goods is expected to touch $363 billion by 2015 while the domestic demand for semiconductors is projected at $43 billion. Hyderabad-based SemIndia and HSMC have already announced plans to set up fab units at an investment of $3 billion and $4 billion, respectively.
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