Tuesday 19 November 2013

GMR Group to set up semiconductor fabrication unit worth Rs250bn

Recently, GMR Group said that it is establishing 3x350 MW coal-based thermal power plant at Kamalanga in Dhenkanal district, Odisha.

Infrastructure major GMR Group is considering to construct a semiconductor fabrication unit (fab) costing Rs. 250 billion, according to a media report.

The Bangalore-based company has approached the Department of Electronics and Information Technology (DEIT) for the project. 

At present GMR is looking to partner technology companies interested in setting-up the complex technology project.

The Cabinet had asked DEIT to open the floor for other vendors as well, to apply for the sops before coming back for a final approval. The extended deadline comes to an end on the 25th of this month, the report further said.


Around 40% of the project cost will be sponsored by a technology partner and partially funded by the government, the report further said. 

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