Posts Tagged ‘HSMC’
IT Companies lining up for MoUs in Vibrant Gujarat 2009
HSMC, Videocon, L&T, Airtel, Vodafone & e-Infochips Will Sign MoUs Over Rs 20,000 Cr; It Is More Than Rs 15k-cr Investments During ’07 Summit
IT’s GETTING bigger by the year. The growth story of Gujarat’s IT/ITeS industry is finally going global. More than two-dozen players, including US-based semiconductor major HSMC, Videocon, L&T, Airtel, Vodafone, Simtel, and e-Infochips among others, will sign MoUs worth more than Rs 20,000 crore in the upcoming Vibrant Gujarat Global Investors’ Summit on January 12 &13 — a jump from the Rs 15,000-crore investment pledged during the 2007 summit.
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Gujarat may get a Rs 30,000 Crore Fab City!
Gandhinagar: Gujarat could well give Andhra Pradesh a run for its money as India’s fab capital with Hindustan Semiconductor & Manufacturing Company (HSMC), a consortium of NRIs based out of Silicon Valley, eyeing a Rs 30,000-crore Fab City project spread over 700 acres for manufacturing semi-conductors in the state.
According to top Gujarat government (GoG) officials, HSMC has evinced keenness on setting up the megaproject at Prantij, nearly 60 km north of Ahmedabad.
While HSMC chairman Deven Verma is learnt to have met Chief Minister Narendra Modi in April 2008, senior HSMC executives made a detailed presentation on Fab City to principal secretary (industries) Gauri Kumar in early July 2008. HSMC already has an MoU with Infrastructure Lease & Finance Service (IL&FS) for providing necessary infrastructure logistics.
I n t e re s t i n g ly, HSMC’s Fab City is understood to be one of the biggest projects being lined up for signing at the upcoming Vibrant Gujarat summit in January next year.
While a detailed submission is awaited, officials said HSMC had been assured of the government’s support, including policy changes if required, and urged them to apply to GoI.
“We have shown them two sites — Prantij in Sabarkantha district and Vasad in Vadodara district. They finalize one of them after soil testing,” said a senior state government official, adding HSMC was keen on Prantij, given its proximity (40 minute drive) to Ahmedabad international airport and easy availability of water as the project would require nearly three million gallons per day.
According to officials, if the project comes to Gujarat, it would create a boom of downstream IT projects, providing jobs to thousands of technical graduates in the state. HSMC has also been looking at other states like Andhra Pradesh, Karnataka and Tamil Nadu.
Semi-conductors or silicon chips find applications in computers, TVs, mobile phones and telephones, SIM and I-cards, credit cards as well as the automotive sector.
Source: TNN