Incentives for chip-making in eight cities

June 17, 2014 10:35 pm | Updated 10:35 pm IST - NEW DELHI:

The government has selected eight cities where electronics manufacturers will be eligible for concessions. It will also revisit the previous government’s stalled policy for manufacturing semiconductor chips, Communications and Information Technology Minister Ravi Shankar Prasad told newspersons here on Tuesday. The eight cities identified are: Ghaziabad, Vadodara, Ahmedabad, Gandhinagar, Nagpur, Nasik, Aurangabad and Thane. he new government would also try to sort out issues relating to the setting up of two semiconductor wafer fabrication manufacturing facilities, assured the Minister.

Mr. Prasad will be revisiting areas in the IT and telecom sectors where imports will record big growth rates in the absence of domestic manufacturing. “Electronic manufacturing is going to be the key area. It is very much employment-based sector.,” said the Minister. The Minister’s continued pre-occupation with activating the policy framework for domestic manufacturing of electronic components comes at a time when Japan, Taiwan and South Korea are diversifying their investment destinations.

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