SemIndia Seeks Private Equity And Debt To Fund Its $3-Billion Fab Project In Hyderabad
Tue, 02/21/2006 - 16:57 — Sahad P V
SemIndia is setting up India's first semiconductor fabrication plant in the private sector in Hyderabad at a cost of $3 billion (Rs 13,500 crore). SemIndia is floated by a consortium of non-resident Indians led by Dr Vinod K. Agarwal. The chipmaker Advanced Micronic Devices will be providing technical support for SemIndia's proposed fab project. But how does it plan to fund the investment?
India Semiconductor Association (ISA) has sought a sum of Rs 10,000 crore from the government to invest in different semiconductor projects, including SemIndia. SemIndia, however, on its part is seeking a combination of private equity and debt to fund the project.
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