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Our Bureau

New Delhi, Dec. 21 The Government has received application from Bhaskar Silicon to set up a PV project that would encompass polysilicon, silicon wafers, cells and modules, at a proposed investment of Rs 5,900 crore.

This takes the total number of proposals received by the Centre under Special Incentive Package Scheme to 17, sources said.

“Bhaskar Silicon filed its application in mid-November,” they pointed out. Company officials could not be reached for comments.

Meanwhile, the sources said the IT Ministry had not yet heard from Reliance Industries Ltd (RIL) on any change of business plans pertaining to its proposed semiconductor and PV projects.

The Government has received a number of proposals from corporate giants such as Videocon Industries for incentives under Special Incentive Package Scheme notified last year to encourage investments for semiconductor fabs and eco-system units.

Under SIPS, the Centre would provide incentive of 20 per cent capital expenditure during the first 10 years for the units in SEZs, and 25 per cent of the capital expenditure in non-SEZ units. Any unit can claim incentives in the form of capital subsidy or equity participation.

More Stories on : Hardware | New Projects

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