The government had wanted Intel to build new fabs in the
country, but the chipmaker said it was not interested unless the policy was
developed.
What it means is that the country didn't have any sweeteners or assistance
packages to encourage it to build any processing plants.
The Union minister for Information Technology, Dayanidhi Maran, has said with
the semiconductor policy in place, he would be able to attract investment worth
Rs 24,000 crore or even more in this sector in the next two-three years.
By March 31, 2010, India will house two-three semi-conductor fabs each with an
investment of $2-3billion, he promised.
More here.