Global giants look to invest Rs 50,000 crore in chip-making in India

[Armstrong]

i asked u cuz u kno each n every member here...their bhabis n bhais....da crockery in their kitchen...furniture.....bank accounts n even the pen and pencils they use to write things

I also know about your moustache !

 

[mastaan]

mastaan

Hello Marsha... Long time! See you in naswarville in a split second!

 

[Glorino]

Thanks hinduguy for your information.India is an RDC, a REFUSING TO DEVELOP COUNTRY , thanks to elected political morons in New Delhi.According to India Today magazine dated August 12, 2013 descibes an RDC is a country thaterforms way below potential,Distributes pverty,Looks back not sideways, Debates more than does

 

[JohnyD]

Space allocated for such projects in New Mumbai, is now being used for other commercial purposes. I guess, government seriously lacks the vision and ability to pursue and implement the projects of mass scale. Lot of projects on nation building are being talked but very few of them actually going to see the light in near future.

We do not have firm and strong policies, government itself is not confident about the policy that it rolls out [For example FDI in retails ] and on top of that opposition has always been opposition in our country, they won’t just support any single policy. We need change in our system, tenure of the government should be reduced to 3 years, there should not be any way to back out from the government after providing support to form it. Political parties led by communists and mamata have no vision, they are utter selfish and arrogant people adding to the spineless leadership in congress.


We need change but will that happen? govnt is now coming up with another people friendly policy like food security for so called poors at last moment…Last time it waived off farmer’s debt, congress knows it very well how to keep mass voters under their influence but those who actually contributes to national economy by paying huge taxes and fetch foreign currency, are they happy with congress or the government at centre?

 

[JohnyD]

Government approves two chip-making plants worth Rs 25,000 crore

NEW DELHI: In a major boost to cut down on import of semiconductors, the government approved plans to set up two chip-making facilities that will entail an investment of over Rs 25,000 crore.

Two consortiums, one led by JP Associates and other by Hindustan Semiconductors, have shown interest in setting up the plants, which received in-principle approval from the cabinet. On August 8, TOI had reported that the consortium would include IBM and ST Microelectronics.

The Cabinet approved the plan despite objections by the Planning Commission, which was not in favour of giving concessions, which are estimated at over Rs 50,000 crore over the next 13 years. Officials , however, said that most of the concessions are already available under the policy.

The long-awaited decision to allow setting up of semiconductor manufacturing facilities would reduce imports, through which 80% of domestic requirements are met. The move is seen as part of a plan to reduce dollar outflow at a time when the economy is battling a record current account deficit, which has also impacted the rupee.

"Cabinet has given inprinciple approval for setting up of semi-conductor wafer fabrication manufacturing facilities ," I&B minister Manish Tewari told reporters.

The Cabinet has in-principle also approved that incentives that will be given to the two proposals, will also be offered to other players, who are interested in setting up semiconductor plants.

Government approves two chip-making plants worth Rs 25,000 crore - The Times of India