Press Esc to close

Govt has received proposals for two semiconductor fabs: Sibal

New Delhi, Mar 18, 2013 (PTI) 15:40 IST
PTI Image
Telecom Minister Kapil Sibal today said the government has received two proposals for setting up semiconductor manufacturing plants in the country and they will be sent to the Cabinet in the next two weeks for consideration.

"We have received two proposals to set up semiconductor manufacturing plants in India which will go to Cabinet in two weeks," Sibal told reporters here on the sidelines of CII's IT Summit.

The investment envisaged for the two units is around Rs 25,000 crore. The exact level of government support for these plants will be decided through negotiation with the chip makers.

The fabs are expected to bootstrap innovation and R&D, especially in the area of electronics which will help generate about three crore jobs (direct and indirect) by 2020.

The government has announced zero customs duty for the equipment required for setting up of the semiconductor (electronic chips) plants.

Sibal also said the Cabinet will consider the Electronics Delivery of Services Bill this evening.

"Today, in the evening, we have Cabinet meet where Electronics Delivery of Services Bill will come up for consideration. Just to be sure that the state governments notify the (government) services that they will provide electronically in next 5 years," Sibal said.

State governments will get additional three years, at the end of five years, to ensure all services are provided electronically, he said.

"That does not mean that services will not be available manually as infrastructure is built all electronically services should be provided electronically. That will answer allegation of corruption. This will bring transparency," Sibal added.

Go to Top

More from this section
Most trending stories
Photo Gallery
Prime Minister Narendra Modi addresses the media on the first day of the winter session...

Prime Minister Narendra Modi addresses the media on the first day of the winter session...

Outgoing Congress president Sonia Gandhi, former prime minister Manmohan Singh, Congress...

Outgoing Congress president Sonia Gandhi, former prime minister Manmohan Singh, Congress...

INLD MP Dushyant Chautala arrives by a tractor to attend the winter session of Parliament...

INLD MP Dushyant Chautala arrives by a tractor to attend the winter session of Parliament...

Social activist Anna Hazare while addressing a press conference at the Guwahati Press club, in...

Social activist Anna Hazare while addressing a press conference at the Guwahati Press club, in...

Members of Anganwadi workers hold a protest against Uttar Pradesh Government in support of their...

Members of Anganwadi workers hold a protest against Uttar Pradesh Government in support of their...

Election observers inspecting the EVM (Electronic Voting Machines) at a distribution centre...

Election observers inspecting the EVM (Electronic Voting Machines) at a distribution centre...

A vegetable vendor sits between the wheels of a parked truck, in a street market in Kolkata on...

A vegetable vendor sits between the wheels of a parked truck, in a street market in Kolkata on...

Army jawans near a helicopter parked at Kolkata maidan during foggy Friday morning. Historic Victori

Army jawans near a helicopter parked at Kolkata maidan during foggy Friday morning. Historic Victori

A fisherman casting his net at Dal Lake during a cold winter morning, in Srinagar on...

A fisherman casting his net at Dal Lake during a cold winter morning, in Srinagar on...

Muslims pray on the steps of a mosque during a demonstration against the...

Muslims pray on the steps of a mosque during a demonstration against the...

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523
Powered by Yodasoft Technologies Pvt. Ltd.