Reliance Industries Ltd.

Videocon and Reliance Industries, country’s major electronics brands are planning to set up chip manufacturing plant. Both the companies have sent the proposals to the Government for setting up semiconductor fabrication plants, with the investment of Rs 25,000 crore on the condition that the government provides incentives. Semiconductor fabrication is useful to promote local manufacture of electronic items.

The electronics majors have also decided to set up a semiconductor fab plant at Vashi in Mumbai but they want subsidies and protection from import of IT products. They are seeking zero per cent duty on import of such products to encourage domestic manufacturers.