Plans for a semiconductor fabrication complex called FabCity, which is expected to cost between $3bn and $4bn, have been drawn up by The India Semiconductor Association, ISA.
Though it does not have a location in mind, the ISA is discussing the subsidies and tax incentives needed to attract $50bn of global investment and create an electronic industry in excess of $100bn in the next 10 years.
The federal government is looking for a 1,500-acre site to accommodate FabCity and has said it will invest in the setting up of the complex.
The ISA, set up last year to create global awareness about the country’s chip industry, said the plan will look at how countries such as China, Malaysia, Singapore, and Taiwan have moved into semiconductor manufacturing.
Poornima Shenoy, president of Bangalore-based ISA, said: This vision is inspired by an unprecedented growth in the Indian electronics consumption, a vibrant chip design industry, increasing semiconductor content in the electronic industry, and significant export potential.