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Home > News > IT sector gets investment plans worth $25 bn

December 13th, 2007

IT sector gets investment plans worth $25 bn

Abstract:
When contacted, a Tata BP Solar official said the company has made inquiries in this regard and is interested in the policy but is yet to submit a formal proposal. Reliance did not respond to an e-mailed query. The semiconductor policy provides incentives for manufacturing units of computer chip units and also eco-system units, which comprise displays, organic LEDs, nanotechnology-related ventures, storage devices, besides solar and photo voltaic cells.

As per the policy, the government would give an incentive of up to 20% of the capital expenditure to companies seeking to set up fab units. The sop would be applicable for capital expenditure during the first 10 years. The minimum investment required for getting incentives is $550 million for a fab unit and $220 million for manufacturing products like storage devices, micro and nanotechnology products and organic light emitting diodes. Same is the case with assembling such products.

Source:
economictimes.indiatimes.com

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