Semi-Conductor Wafer fabrication Manufacturing Facilities

The Union Cabinet has  approved the proposal to set up an empowered committee for identifying technology and investors for setting up two semi-conductor Wafer fabrication manufacturing facilities in the country. The proposal provides for setting up of semi-conductor wafer fabrication facilities apart from encouraging manufacture of specific high priority product line in India. Initially, two wafer fabrication labs are proposed to be set up at an estimated cost of 25 thousand crore rupees. According to an official press release, the proposal will have significant impact on facilitating credit and creation of electronic manufacturing clusters.  In yet another decision, the Cabinet approved the signing of Nagoya Protocol on Access and Benefit Sharing. It will contribute to the objectives of conventions on biological diversity and its conservation and sustainable use.