RIL plans Rs 30k-crore semiconductor foray

The government's semiconductor manufacturing policy guidelines announced last September appear to be paying off. In one of the largest investments in the sector, Reliance Industries Ltd (RIL) has submitted to the government proposals for two semiconductor units at a combined cost of Rs 30,152 crore. With this, communications & IT minister A Raja told FE, the government has so far received seven proposals envisaging investments totalling Rs 62,915 crore over the next ten years from six leading Companies.