IGSS ropes in lead investor in fab play to meet new conditions

Singapore-based IGSS Ventures, a tech investment company, is tweaking its earlier proposal to set up a semiconductor fab plant in India by bringing a major global semiconductor company on board as a lead investor in the consortium.

The decision is in response to advice from the India Semiconductor Mission (which scrutinises such proposals) that it should rope in a large anchor investor if it wants its proposal is to be considered.

The ISM is examining the three applicants who want to set up a fab plant under the government’s $10 billion financial incentive scheme for such plants.   

Raj Kumar,