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Videocon Industries will set up a semiconductor FAB to manufacture TFT-LCD in the State of Maharashtra at a total estimated project cost of Rs.8000 crores with the requisite technology tie up from IBM. Central government subsidy of 2000 crores has been applied for under the recently announced Semi Conductor Policy. This project will generate employment of 10,000 people.

Videocon established a full fledged Research and Development Laboratory in Japan exclusively to develop this product and is the first Indian company to have successfully developed it.

The technology and manufacturing of fabs like the one we are planning are today only in Japan, Korea and Taiwan. India will be the next country in the world to have this project to make the most important component of the LCD Television.

Knowing Videocon’s capability, the Italian Government / EU have in the public domain already approved support of more than 400 Million Euros for the project. Delegation from China had also allocated the necessary facilities and support for the project.

With the semiconductor policy coming into India, its essential to support the semiconductor industry in the country and many major state governments such as Andhra Pradesh, Tamil Nadu, Maharshtra and West Bengal sent delegations to bring the project in their regions offering full support with regards the infrastructure and location requirements for such a project which needs to be on continuously and manufacturing precision is critical

The Promoter Dhoot family having considerable existing stakes in Maharashtra consider themselves as the sons of the soil of maharashtra and as marathi manus want to have an emotional connect for such an important project which will be the only one of its kind in the country and developing world with significant employment generation potential.

The project involves highly critical manufacturing and the supply chain which would mandate a significant portion of imports and exports to be air freighted from across the world.

CIDCO has spent over a year to understand the project, its economics and its implications for the region and has hence decided to go forward with the project. The Videocon group is very excited to work with them who have significant exposure to large urban projects. The land allocated is to be used for manufacturing only.

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