Reliance Industries has finalised
Jamnagar in Gujarat as the location for its mega Fab City project. The company
is plans to ink an agreement regarding the purpose during the upcoming Vibrant
Gujarat Global Investors Summit, to be held in January 2009.
The company is in talks with the state
industries department for the project, which will require an investment in the
region of Rs.10,000 crore. Work on Phase I, which will require an investment of
over Rs.8,000 crore is likely to start soon. In the first phase Reliance has
also chalked out plans to set up an assembly, test, mark and packaging (ATMP)
facility at Jamnagar over a period of three years. The company will manufacture
polysilicon, single crystal/multi-crystalline ingots and solar-grade wafers. The
plant is expected to create over 10,000 job opportunities for skilled and
unskilled workers. The investment in fabrication unit could mainly be for solar
panels.
RIL is setting up a sand-to-silicon
complex in Jamnagar wherein the product range could be from photovoltaic modules
to high-end chipsets for the electronics industry. Reliance has evinced interest
setting up a greenfield PV cells unit in Jamnagar. The state government has
already been given letter of intent of 5 MW from 10 MW quota allotted by the
Centre to each state.