Government's new policy for semiconductor fabs and eco-system units has led to a flow of investments in this sector, which has attracted three new solar photovoltaic (PV) proposals worth nearly Rs.55, 000 crore in the last two months. With that the overall proposals under the scheme reached to 14 with a total investment of about Rs.1, 36, 000 crore.
New investments plans came from Vavasi Telegence which would invest about Rs.39,000 crore for solar photovoltaic and polysilicon unit, EPV Solar, which has plans to invest about Rs. 4,000 crore for solar photovoltaic unit and Lanco Solar, with an investment of Rs.12,938 core in solar PV and polysilicon unbit.
A committee of experts had its first meeting to evaluate the projects from technology standpoint. Moreover, experts inputs is critical in evaluation of the projects as Special Incentive Package Scheme (SIPS) which notified last year to encourage investment for semiconductor fabrication and other micro nano technology manufacturing industries, has emphasized on latest technology.
Earlier, proposals had also came from Reliance to start a semiconductor wafer fab worth Rs.18, 521 crore and Videocon to set up a LCD fab of Rs.8, 000 crore. Apart from that, Moser Baer PV Technologies, Titan Energy Systems, KSK Energy Ventures, Signet Solar, Phoenix Solar India, Tata BP Solar India, Solar Semiconductor, and TF SolarPower have proposals to invest in solar PV space.
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