Union Cabinet reconstituted Empowered Committee on setting up of Semiconductor Wafer FAB projects

The Union Cabinet on 28 January 2015 reconstituted the Empowered Committee on setting up of Semiconductor Wafer Fabrication (FAB) manufacturing facilities in the country.

Created On: Jan 29, 2015 12:07 IST

The Union Cabinet on 28 January 2015 reconstituted the Empowered Committee on setting up of Semiconductor Wafer Fabrication (FAB) manufacturing facilities in the country. The reconstituted committee will be headed by NITI Aayog member V K Saraswat.

The members of the Committee include:
• K. Radhakrishnan, former Chairman of Indian Space Research Organisation
• M.J. Zarabi, former Chairman of Semiconductor Complex Limited
• Narendra Krishna Karmarkar, Visiting Professor of IIT-Bombay
• Ratan P. Watal, Secretary of Department of Expenditure,
• Amitabh Kant, Secretary of Department of Industrial Policy and Promotion
• R.S. Sharma, Secretary of Department of Electronics and Information technology

The setting up of FAB units will promote Electronics System Design and manufacturing in India which will stimulate the flow of capital and technology.

Besides, these units will also create employment opportunities, help higher value addition in the electronic products manufactured, reduce dependence on imports and lead to innovation.

Background

Earlier on 20 April 2011, the United Progressive Alliance (UPA) government constituted an Empowered Committee headed by the then adviser to Prime Minister to identify technology and investors and recommend incentives for semiconductor manufacturing.

The committee submitted its recommendations in March 2013. In September 2013, the Union Government approved the setting up of two such units including:

• Jaiprakash Associates Ltd teamed up with International Business Machines Corporation (IBM) and Israel-based TowerJazz to set up a 29000 crore rupees unit in Greater Noida.
• Hindustan Semiconductor Manufacturing Corp. in partnership with STMicroelectronics (STM) Limited and Silterra Limited decided to set up 34000 crore rupees facility in Prantij near Gandhinagar.

Take Weekly Tests on app for exam prep and compete with others. Download Current Affairs and GK app

एग्जाम की तैयारी के लिए ऐप पर वीकली टेस्ट लें और दूसरों के साथ प्रतिस्पर्धा करें। डाउनलोड करें करेंट अफेयर्स ऐप

AndroidIOS

Related Stories

Comment (0)

Post Comment

2 + 1 =
Post
Disclaimer: Comments will be moderated by Jagranjosh editorial team. Comments that are abusive, personal, incendiary or irrelevant will not be published. Please use a genuine email ID and provide your name, to avoid rejection.

    Monthly Current Affairs PDF

    • Current Affairs PDF November 2021
    • Current Affairs PDF October 2021
    • Current Affairs PDF September 2021
    • Current Affairs PDF August 2021
    • Current Affairs PDF July 2021
    • Current Affairs PDF June 2021
    View all

    Monthly Current Affairs Quiz PDF

    • Current Affairs Quiz PDF November 2021
    • Current Affairs Quiz PDF October 2021
    • Current Affairs Quiz PDF September 2021
    • Current Affairs Quiz PDF August 2021
    • Current Affairs Quiz PDF July 2021
    • Current Affairs Quiz PDF June 2021
    View all