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Industry Hails Semiconductor Policy

The recently announced Semiconductor Policy, which has a special incentive package to attract investments for setting up semiconductor fabrication and other micro and nano technology manufacturing industries has been welcomed by the Semiconductor industry.

Poornima Shenoy, president, India Semiconductor Association ISA said, "The policy will provide an impetus for the further growth of the sector, the electronics industry and the overall ecosystem. The domestic market for electronics goods is expected to reach US$363 billion by 2015 and the domestic demand for semiconductors alone will be US$ 36 billion. This policy will go a long way in making India as an attractive destination for global semiconductor and hi-tech companies plus investors."

"Cultivation of a robust and scalable semiconductor industry is the key to making the Great Electron Revolution happen within the country. Semiconductors form the heart of hardware and soul of software in any electronic system. It is clear that electronics manufacturing can succeed and be globally competitive only if there is an accompanying semiconductor manufacturing eco-system and vice versa," stated Rajendra Kumar Khare Chairman ISA.

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Updated Date: Feb 23, 2007 15:58:35 IST