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The proposed US$3 Billion investment in association with AMD in the first Large Scale Semiconductor Manufacturing Facility (FABCITY) in India would happen on a stretch of land along Srisailam Highway beside New Hyderabad Airport at Shamshabad. The progress of this investment is fully dependent on the Govt. of India's Policy for Semiconductor Fabrication. The Govt. had entered into agreement with Semindia for developing Fabcity in February 2006.
Semindia is a consortium of Non Resident Indians led by Technology Expert Mr. Vinod Agarwal. The Consortium has pulled in AMD which would be the Principal technology partner for Fabcity. Semindia has entered into agreements with Flextronics, IMEC-Belgium, BOC etc. Several Large agreements and contracts are expected to be finalized, as soon as Policy is released.
The Policy was to be announced soon after the signing of MOU in February, allowing Semindia to finance the equity and debt for the Project. However, the Govt. has been struggling to strike balance between expectations of the industry and possible loss of revenue due to incentives offered. Issue of technology obsolesce also has been raised.
Without clear guidelines and agreement / commitment on taxation, subsidies, incentives etc. the Financial Institutions and Investors would not come forward to commit funds. Hence, the soon to be released Policy, is the vital fulcrum on which the project would get founded.
Last few weeks has seen consistent reports from the Center, suggesting that the Policy would be released soon. A high powered technical committee headed by Mr. Ratan Tata had been working on the Policy. www.exclventures.com
The founding of FABCITY in Hyderabad is expected to result in explosive growth of technology led employment. Already golbal firms like Microsoft, IBM, Perot, Accenture, CA, HP, Templeton,Goldman Sachs, Google, Dell, Motorolla, Oracle, GE, Adobe, Sun, McAfee, Pacific, Unisys, USi, Cisco, Ericsson, Norton, Nokia, Sierra, Flextronics have set up offices at Hyderabad. The City has huge scope for expansion with gigantic investments planned in Guchibowli, Hitec, Manchirevula, Narsingi, Kokapet, Gandipet etc. The explosion in IT business activity has resulted in very large influx of professionals into Hyderabad making the real estate scene BOIL!
There are hundreds of NRIs and expatriates now working and buying luxurious properties. The upcoming international Airport, Express Highway to Airport, exploding growth in areas like Hitec City and Guchiboli have changed the face of the city!! Read more www.exclventures.com and monitor new projects including the GIGANTIC 90 Story Tower coming up in Hyderabad! Hyderabad is turning out to be the best spot for Global Investment.
Semindia is a consortium of Non Resident Indians led by Technology Expert Mr. Vinod Agarwal. The Consortium has pulled in AMD which would be the Principal technology partner for Fabcity. Semindia has entered into agreements with Flextronics, IMEC-Belgium, BOC etc. Several Large agreements and contracts are expected to be finalized, as soon as Policy is released.
The Policy was to be announced soon after the signing of MOU in February, allowing Semindia to finance the equity and debt for the Project. However, the Govt. has been struggling to strike balance between expectations of the industry and possible loss of revenue due to incentives offered. Issue of technology obsolesce also has been raised.
Without clear guidelines and agreement / commitment on taxation, subsidies, incentives etc. the Financial Institutions and Investors would not come forward to commit funds. Hence, the soon to be released Policy, is the vital fulcrum on which the project would get founded.
Last few weeks has seen consistent reports from the Center, suggesting that the Policy would be released soon. A high powered technical committee headed by Mr. Ratan Tata had been working on the Policy. www.exclventures.com
The founding of FABCITY in Hyderabad is expected to result in explosive growth of technology led employment. Already golbal firms like Microsoft, IBM, Perot, Accenture, CA, HP, Templeton,Goldman Sachs, Google, Dell, Motorolla, Oracle, GE, Adobe, Sun, McAfee, Pacific, Unisys, USi, Cisco, Ericsson, Norton, Nokia, Sierra, Flextronics have set up offices at Hyderabad. The City has huge scope for expansion with gigantic investments planned in Guchibowli, Hitec, Manchirevula, Narsingi, Kokapet, Gandipet etc. The explosion in IT business activity has resulted in very large influx of professionals into Hyderabad making the real estate scene BOIL!
There are hundreds of NRIs and expatriates now working and buying luxurious properties. The upcoming international Airport, Express Highway to Airport, exploding growth in areas like Hitec City and Guchiboli have changed the face of the city!! Read more www.exclventures.com and monitor new projects including the GIGANTIC 90 Story Tower coming up in Hyderabad! Hyderabad is turning out to be the best spot for Global Investment.
[Posted by: www.exclventures.com | Date: 11/23/06 07:37:16 AM]
