Indian government’s plans for 2011 may bring cheer to the semiconductor sector as the Department of Information Technology (DIT) aims to set up semiconductor fabrication plants within the country.
The government is also planning to issue a revised budget following recommendations from various bodies including manufacturers, India Semiconductor Association (ISA) and Electronics Industries Association of India (ELCINA). A new Special Incentive Package Scheme (SIPS), which was originally announced by the Union Government in 2007, has been put in place to help boost the Indian semiconductor market, which is still trailing behind China.
As a result, more investments could be made in semiconductor wafer fabs, as well as in plants that manufacture LCDs, OLEDs, storage devices and solar cells, with the help of bigger companies.
