In order to ramp up company’s expansion in the technology sector, Reliance Industries Ltd. (RIL) has submitted a proposal to the Union Government for setting up two manufacturing facilities (a semiconductor wafer fabrication plant and solar PV module unit).

The motive of this proposal under the Government’s scheme is to promote semiconductor technology with a total investment of Rs. 30,000 crore.

Other companies that have submitted their plans under the Government’s scheme include Videocon Industries, Moser Baer PV Technologies, Titan Energy System, KSK Energy Ventures, and Signet Solar

According to the officials, till now seven investment proposals totalling Rs. 65,000 crore have been received from six companies.  

Reliance Industries Ltd is also eyeing to manufacture a variety of items including Polysilicon, wafers, solar cells, solar photovoltaic modules (SPV) liquid crystal display (LCD), integrated circuits-advanced logic, memory and embedded system on chip, including ATMP facility for semiconductor devices.

RIL is still undecided on the location, but it is likely to be in Navi Mumbai, Hyderabad, Mysore or Haryana.

Mr A. Raja, Communications and IT Minister said, “There has been a tremendous response among investors both in India and outside. Within a short span of seven months, seven proposals envisaging investments of Rs 62,915 crore have been received.”

It is expected that about 4,000 people would be employed for the fabrication and ATMP units.

The second Reliance plant is likely to come up at a cost of Rs. 11,631 crore at Jamnagar in Gujarat.