Special incentives for semiconductor industry

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The government is expected to shortly come up with a newly amended policy on semiconductors, which would offer special fiscal incentives with concessions of up to 25 per cent to keep the sector on the growth path. The revenues from the Indian semiconductor industry are expected to reach US$ 10.2 billion (Rs 47,500 crore) by 2012.

“We have restructured our semiconductor policy and it is ready to be launched soon. We would also offer 20-25 per cent concession in capital expenditure to the sector,” said Kapil Sibal, union minister for Communications and Information Technology, at the Electronics and Information Technology Exposition (ELITEX-2011) organised by the Department of Information Technology (DIT). In the last few years, consumption of semiconductors is growing in the country and is slated to touch the US$ 6 billion mark by 2014.

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