Reliance to invest Rs 30,000cr for fab units

* 7 proposals worth Rs 65,000cr received till date; Govt. has targeted Rs 40,000cr investment

* Reliance to invest around Rs 30,000cr to set up fab, ATMP facilities; Site: Maharashtra, Gujarat, Hyderabad, Mysore or Haryana

* Videocon: Rs 8,000cr; Site: Navi Mumbai

* Moser Baer: Rs 6,000cr; Site: Oragadam (New Chennai)

* Titan Energy: Rs 5,880 cr; Site: Fab City, Hyderabad (SEZ) for Phase-I and new location for Phase-II

* KSK Energy Ventures: Rs 3,211 cr; Site: Rajiv Gandhi Nano Tech Park & Fab City, Maheshwaram Mandal near Hyderabad

* Signet Solar: Rs 9,672 crore; Site: Sriperembudur, Tamil Nadu

Seven proposals envisaging an investment of around Rs 65,000 crore ($16.25 billion) have been received till date in response to the special incentive package scheme for semiconductor fabrication and other micro- and nano-technology manufacturing industries announced by the government last year.

The proposals range from manufacture of wide variety of items like polysilicon, single/multi-crystalline ingots, wafers, solar cells, solar photovoltaic modules (SPV) liquid crystal display (LCD), integrated circuits-advanced logic/memory/embedded system on chip including assembly, test, mark and packaging (ATMP) facility for semiconductor devices.

Reliance to invest Rs 30,000 crore: Among the proposals recently received are two large proposals from Reliance Industries. The first unit would be a semiconductor wafer fab with assembly, test, mark and packaging (ATMP) facility with a total outlay of Rs 18,521 crore ($ 4.635 billion) over a period of 10 years. The company would locate this facility at Navi Mumbai, Hyderabad, Mysore or Haryana. The company would decide the final location of the plant after negotiations for incentives from respective state governments. It is envisaged that about 4,000 people would be employed for the fabrication and ATMP units.

The second Reliance plant is to come up at a cost of Rs 11,631 crore ($ 2.91 billion) at Jamnagar, Gujarat. It will manufacture polysilicon, single crystal/multi crystalline ingots, solar grade wafers, SPV modules with a capacity of 1 Giga Watt. The plant is expected to create over 11,000 direct skilled, semi-skilled and unskilled jobs in the country.

Centre to provide subsidy: Under the incentive package, the central government has to provide incentive of 20% capital expenditure during the first 10 years for the units in SEZs and 25% of the capital expenditure in non-SEZ units. Any unit can claim incentives in the form of capital subsidy or equity participation.

Thus, Videocon Industries has requested a subsidy of Rs 2,000 cr, Moser Baer PV Technologies India has asked for a capital subsidy of Rs 2,393 crore, Titan Energy System for Rs 200 crore in the fourth year & Rs 296 crore in the seventh; KSK Energy Ventures for Rs 642 crore; and Signet Solar (Solar PV & Associated products: Thin film) for Rs 1,934.40 crore in FY 2010 onwards.