Centre lists guidelines for semiconductor policy
Centre lists guidelines for semiconductor policy The centre today issued guidelines for semiconductor firms with a view to attract investments worth billions of dollars and put India on the global map, reports Business Standard. Earlier on February 22, the government announced incentives in its semiconductor policy to buoy the semiconductor ecosystem. The appraisal committee said that, the interested investors will have to submit a proposal before it along with the feasibility report. An application with a non-refundable fee of Rs 25 lakh has been prescribed. The government stated that, only technologically sound projects will be eligible under the special incentive package scheme. Under the poli cy, the centre will bear 20% capital expenditure in the first 10 years, if a unit is located in a special economic zone (SEZ) and 25% in other cases. The countervailing duty (CVD) on capital goods will be exempted in case of units outside the SEZs. For semiconductor manufacturing (wafer-fab) plants, the threshold net present value (NPV) of investments will be Rs 25 billion, and Rs 10 billion for other products. The policy covers LCDs, plasmas, storage devices, solar cells, photo-voltaics and nanotechnology products and includes assembly and testing of these products.
