The State Capital is set to get yet another gift in the form of a unit, ‘Semiconductor Fab’ (Semiconductor Wafer Fabrication), for producing unique and ultra modern electronic chips. This will pave the way for the State’s development in ultra modern technology sector. A sum of Rs34,399 crore is estimated to be invested in the project which will lead to employment to 1.22 lakh people.
This information was given by JP Gaur of Messrs Jaiprakash Associates limited during the Global Investors Summit at Indore on Friday. Japan’s assistance will be taken for this. The capacity of the ‘Semiconductor Fab’ will be about 40,000 WSPM. On the initiative of Chief Minister Shivraj Singh Chouhan, the State Government will allot 100 acre land to the company near Raja Bhoj airport.
Setting up of ‘Semiconductor Fab’ will cast very good impact on electronic system and design and manufacturing in the country. It will help set up critical peeler in electronics system design and manufacturing electronics system design and manufacturing sector. It will help also increase flow of technology and funds. It will create high value addition in other electronics products’ manufacturing.
It is noteworthy that a high level committee of the Central government had recommended identifying investors in technology sector and providing special facilities to promote fab facilities for setting up of two semiconductor fabs in the country.The Central Cabinet committee presented its recommendations and sanctioned incentives package for the establishment of semiconductor fab.