Sterlite Technologies of the Vedanta group will set up an LCD (liquid crystal display) factory in
In its proposal to the government, Sterlite has sought a slew of incentives for the proposed project. It has requested the state government for assured continuous availability of piped natural gas at subsidised rates for 10 years and availability of up to 10 Mw of power at subsidised rates. Besides, the company wants fiscal benefits such as a tax holiday, relaxation in import duties for raw materials and other tax incentives. It also wants special investment incentives such as capital expenditure/interest subsidy and single-window clearance for required approvals and incentives. It also has plans to make glass substrates at the plant and would export a third of the products manufactured there.
However the project is contingent on various fiscal concessions. Videocon is proceeding with similar project, at Navi Mumbai with a proposed investment of Rs 8,000 crore in LCD and semi-conductor production facility. It will have capacity to produce 200 million units annually of LCDs, mirco circuits and semi conductors.
crackcrack| Company Name | CMP |
|---|---|
| Polycab India | 7788.55 |
| KEI Industries | 4595.25 |
| RR Kabel Ltd. | 1391.95 |
| Finolex Cables | 883.15 |
| Precision Wire India | 345.65 |
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