Bengaluru: The country's first fab facilities may be announced soon by the central government. The Department of Electronics and Information ITechnology (Deity) is currently evaluating five large fab projects and each of these projects are in the $2 billion to $3 billion investment range.
A fab, short for fabrication facility, is a silicon wafer design and chip manufacturing plant, that supports semiconductor manufactures.
The industry had started interacting with the government way back in 2009. The government now seems to be all set to fuel the growth of the industry with supportive policies, frameworks, incentives and even funds, said industry observers.
This is giving the industry and the entire stakeholder community a lot of confidence. This will open up a huge wave of growth in electronics manufacturing space. An eco-system creation will take place. We will also witness a lot of entrepreneurial activity in the space,'' said BV Naidu, an industry evangelist also CEO of Sagitaur Group, a company that focuses on IT, telecom, semicon, green energy and core infrastructure.
Speaking at an Indian Semiconductor Association (ISA) meet here on Friday, professor SV Raghavan, scientific secretary, to principal scientific advisor to government of India said, The recently announced National Optic Fibre Network and DTH network work for distance learning projects would require electronic products and systems worth $5 billion. Again, each of these electronic systems will create demand for a huge number of devices, handhelds and electronic products therefore creating a market opportunity five times bigger ($25 billion) than the initial investment.''
The Union HRD ministry had already sought permission to start 50 educational direct to home TV channels in the country.