Videocon to set up Rs.25b semiconductor unit in India
Monday, 16 July 2007
NEW DELHI, Jul 15 (PTI): Consumer electronics major Videocon has said it will set up a semiconductor unit in India with an initial investment of Rs.25 billion and is currently working on finalising the location for the same.
"Indian labour, being cheapest in the world, combined with technological capability, (creates) scope for semiconductor unit here," Videocon Managing Director Venugopal Dhoot told PTI.
He said currently the project is at a conceptualisation stage and details, including location for the plant, are yet to be worked out.
"Indian labour, being cheapest in the world, combined with technological capability, (creates) scope for semiconductor unit here," Videocon Managing Director Venugopal Dhoot told PTI.
He said currently the project is at a conceptualisation stage and details, including location for the plant, are yet to be worked out.