Electronics Limited (BEL) have formed a joint venture to manufacture
solar wafers, cells and modules to meet domestic as well as export
demands. The unit is likely to come up on 70 acres at Fab City, which
never really took off.
The project envisages setting up of a manufacturing facility with a
capital investment of Rs 2,000 crore and will provide direct
employment to 1,000 people. A high-level team of officials recently
visited the city to identify possible location for the plant.
capital investment of Rs 2,000 crore and will provide direct
employment to 1,000 people. A high-level team of officials recently
visited the city to identify possible location for the plant.
Sources said the team identified about 70 acres in Fab City as the
ideal location. It was said to have expressed satisfaction over the
land as it is located in an SEZ meant for similar industries and also
because of its close proximity to the international airport. Another
positive point is, the official say, BHEL has a major unit in the
city.
ideal location. It was said to have expressed satisfaction over the
land as it is located in an SEZ meant for similar industries and also
because of its close proximity to the international airport. Another
positive point is, the official say, BHEL has a major unit in the
city.
"Fab City is an ideal location for setting up any semiconductor and PV
panel manufacturing facility as several similar facilities have
already started functioning. This will enable the board of the joint
venture to finalise Hyderabad as possible destination," sources said.
panel manufacturing facility as several similar facilities have
already started functioning. This will enable the board of the joint
venture to finalise Hyderabad as possible destination," sources said.
BHEL and BEL had joined hands to form the joint venture to enter the
domain of semiconductors and solar panel manufacturing in 2008. Since
then, the new venture has been on the look out for a suitable
location. After studying the facilities such as power and water, the
high-level team was said to have expressed preference for Hyderabad.
"The team has submitted its proposals to the board for concurrence on
the location in Fab City. We are awaiting for their response," the
sources added.
domain of semiconductors and solar panel manufacturing in 2008. Since
then, the new venture has been on the look out for a suitable
location. After studying the facilities such as power and water, the
high-level team was said to have expressed preference for Hyderabad.
"The team has submitted its proposals to the board for concurrence on
the location in Fab City. We are awaiting for their response," the
sources added.
As per the proposal submitted to the state, the project will have 250
MW solar photovoltaic (PV) production facility for processing silicon
wafers, solar cells and PV modules in new plant. Chief minister N
Kiran Kumar Reddy reportedly gave the go-ahead to provide all the
required facilities to the public sector unit.
MW solar photovoltaic (PV) production facility for processing silicon
wafers, solar cells and PV modules in new plant. Chief minister N
Kiran Kumar Reddy reportedly gave the go-ahead to provide all the
required facilities to the public sector unit.
This is the second such major public sector venture to come to Andhra
Pradesh in the past two years, the first being the joint venture unit
of BHEL and NTPC. The BHEL-NTPC joint venture has set up its first
unit to manufacture equipments for the power plants at Mannavaram near
Srikalahasti in Chittoor district with an outlay of Rs 6,000 crore.
Pradesh in the past two years, the first being the joint venture unit
of BHEL and NTPC. The BHEL-NTPC joint venture has set up its first
unit to manufacture equipments for the power plants at Mannavaram near
Srikalahasti in Chittoor district with an outlay of Rs 6,000 crore.
The sources said the government would de-notify 80 acres at Fab City
to hand over it to the BHEL-BEL joint venture, once they get the
go-ahead from BHEL-BEL board
to hand over it to the BHEL-BEL joint venture, once they get the
go-ahead from BHEL-BEL board
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