Videocon Industries will be setting up a semiconductor design-cum-fabrication complex at an initial investment of Rs.1,000 crore near Kolkata, West Bengal. The facility, spread over 100 acres of land and will incorporate R&D, training, incubation and commercial activities under one complex and would specifically focus on thin film transistor technology.

Videocon has already taken over the Kanchan Food Processing facility in North Bengal and has converted it into a television and computers manufacturing unit. The company has also taken over a consumer electronics unit of the West Bengal Electronics Industry Development Corporation and has proposed to set up a finishing school for technicians and industrial workers.

The company also proposes to set up two Special Economic Zones (SEZs) partnering with India Design Centre that was to set up at Salt Lake. The India Design Centre will leverage upon the domain expertise of the Indian Institute of Technology, Kharagpur.

The company plans to set up an IT-cum-biotechnology SEZ at Dabgram near Siliguri for which the land owned by the state housing department will be handed to Videocon through the Siliguri Jalpaiguri Development Authority. The other proposed IT-cum-biotechnology SEZ will be set up at Kharagpur.

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Videocon plans semiconductor unit (12-Mar-07)