The Fabcity was to be developed in 1200 Acers with several Manufacturing Units in the Semiconductor and Nano Tech arena, setting up shop, here.
However, even after Central Govt cleared the Fab policy, no one could proceed with founding of a Fab Manufacturing plant as of May 2008. SemIndia was the first among the entrants in Fabcity. Its facility as of May 2008 is limited to ATMP plant on 100 Acres.
The balance 1100 Acers will be occupied by several other companies. For developing the 1200 Acre Fabcity, an SPV will be formed. APIIC will hold 51%, SemIndia 11% and balance will be held by FIIs and Other Companies. Due to delay in firming up plans by Fab Manufacturing Units, several companies has come forward to take advantage of tax benifits offered under Fab Policy, to Solar Module Manufactures. APIIC has tied up most of the available space in Fabcity, for Solar Module Manufacturing.
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