Hyderabad: From the largest single FDI in the country to the country''s
largest gas find, Andhra will also have the largest semiconductor fabrication
facility in the country. Nano-Tech Silicon India Pvt Ltd (NSTI), which plans
to set up a mega semiconductor fabrication facility, hopes to complete the
first round of financing and finalise a technology partner within the next
financing includes $64-72 million equity; $116-130 million debt and a $150-million
construction fund. The technology partner will invest up to 20 per cent of
the total equity of $160 million, according to Dr P June Min, one of the main
promoters of NSTI.
to journalists at a the `ground breaking'' ceremony for the semi-conductor
fabrication facility, which is expected to cost over $12 billion in the next
15-17 years, Dr Min said the Indian contribution of the total investment would
be around $310 million.
has been scouting for both industrial investors and technology partners. The
facility is expected trigger a rapid growth in the electronics and semi-conductor
demand for semi-conductor products reached $1.2 billion by the
end of 2004 in India. The fabrication facility would contribute $210 million
to the gross domestic product growth of Andhra Pradesh, the release added.