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Thursday, Jun 08, 2006
Financial Daily from THE HINDU group of publications Thursday, Jun 08, 2006 |
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Hardware Info-Tech - Infrastructure States - Andhra Pradesh SemIndia project stone laid; first phase to be ready in 12 months Our Bureau
Project description The Fab project will have an investment of about $1 billion in the Phase I and by 2010, will have an overall outlay of about $3 billion. It would be an all inclusive facility for semiconductor and electronic design companies.
CLOSER TO CHIP FABRICATION: (From left) Mr Sanjiv Lamba, MD for South-East Asia, BOC; Mr Y. S. Rajasekhara Reddy, Andhra Pradesh Chief Minister; Mr Dayanidhi Maran, Union Minister of Communication and IT; and Mr Vinod K.Agarwal, Chairman, President and Chief Excecutive Officer of SemIndia Fab Pvt Ltd, at a function in Hyderbad on Wednesday. - Mohammed Yousuf
Hyderabad , June 7 The foundation stone for the $3-billion SemIndia project was laid here on Wednesday and the company announced that the first phase of the project, a test and assembly line, would be ready within 12 months. Alongside, SemIndia signed up with $4.6-billion BOC (Base Oxygen Corporation) Gases, a supplier of specialised industrial gases, as a partner for the Fab project. As a part of this arrangement, BOC would invest Rs 120 crore for the supply of industrial and electronic gases and chemicals to SemIndia. Laying the foundation stone, the State Chief Minister, Dr Y.S. Rajasekhara Reddy, said the Fab City, which would be spread across a 1,200-acre site would be able to host about six fab units and thereby create an ideal base for the semiconductor industry.
$100 m in test, assembly unit
The Chairman of SemIndia, Dr Vinod K. Agarwal, said the company would invest $100 million in the test and assembly unit that would be ready within 12 months and the Fab manufacturing unit would be in place within 24 months. The Fab project will have an investment of about $1 billion in the Phase I and by 2010, will have an overall outlay of about $3 billion. With the demand for domestic electronics industry set to touch about $35-40 billion by 2015 as per Frost & Sullivan report, the project will play a vital role, Dr Agarwal said. It was on June 7, 2005, during the Union Minister for Communications & Information Technology, Mr Dayanidhi Maran's visit to the Silicon Valley, that first discussion on the Fab project was initiated. "Funding is not an issue and will come by as the project takes shape backed by necessary infrastructure. When we complete the first phase, we may even look at tapping the market," he said. Surbana International, a Singapore-based Temasek group holding company, which has been roped in as a Master Planner for the Fab City project, showcased the project concept. The Vice-President of Surbana, Mr Christopher Shrugg, said the Fab City would be an all inclusive facility for semiconductor and electronic design companies. The Managing Director of $4.6 billion BOC, for South and South East Asia, Mr Sanjiv Lamba, said the company would invest about Rs 120 crore (approximately $27 million) for a manufacturing centre in Hyderabad. This will take care of supply of specialised gases for a project of this nature. "BOC now expects to partner more companies as they expand their operations and set up centres in the Fab City," Mr Lamba said.
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