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Centre Plans 'Crucial Decision' To Set Up Fab Facility
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Sachin Pilot said that the initiative of fab is to make sure that India has better chip manufacturing foothold in the world.
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Tuesday, February 07, 2012:
Sachin Pilot, the minister of state for communications and IT said at the Indian Semiconductor Association (ISA) Vision Summit that the government will take 'crucial decision' to set up a semiconductor fabrication plant (known as fab) by the end of 2012. This is required to meet the gap between domestic demand and supply of electronic products in the country. A fab is a semiconductor factory where devices like integrated circuits (ICs) are manufactured.
Pilot said that it is high time that a specific deadline is set for the project. He has been facing questions since he was at the World Economic Forum, Davos. He further added that according to the estimates, in the coming years, India would have around 165 million households of middle income. This means that India’s purchasing power and demand will gradually increase. Pilot added that the domestic demand for electronics would be $400 billion by 2020 and the supply for such products would comprise only about $100 billion by 2020. The government is keen to bring forth a surge in the electronics industry too.
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Pradeep N Dhoot, president of Videocon industries limited group, said that the electronics industry in India is in a better position than before, still it only contributes 3.5 per cent to this industry worldwide. Dhoot explained that India lacks in proper manufacturing units as Indians are largely dependent on China and Finland for goods and components. India can only progress by bringing its own manufacturing units into place. And, this can be done only if the government and the private sector join hands in developing the required facilities.
Pilot concluded by saying that the initiative of fab is to make sure that India has better chip manufacturing foothold in the world. He also said that by manufacturing they mean to do commendable amount of value addition to the product. The government had, in June 2011, invited expression of interest from technology providers and investors to set up a fab plant in the country as it saw a growing demand in this industry.
Shivangi Anand, EFYTIMES News Network
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