Hyderabad’s Fab City turns into alternative energy center
Hyderabad’s Fab City, conceived to be developed as the largest cluster of semi-conductor manufacturing units in the country, is now heading to become the largest hub for alternative energy, setting up more photovoltaic or solar cell units.
Of the sixteen companies allotted land, only Semindia Fab, Nano-Tech Silicon India and Moser Baer will set up semi-conductor chip units while eleven others have preferred solar cell units. Land was also sanctioned to two service provider companies for the supply of industrial gas.
Semindia finalised its unit’s design, began construction work and placed orders for machinery. Nano Tech Silicon responded that it would first set up Thin film solar unit. XL Telecom and Energy, KSK Surya Photovoltaic Ventures, Solar Semiconductor and Surana Ventures Ltd. also started construction work.
In view of the rising fuel prices, the industry dynamics had changed with more demand for energy efficiency products and alternative energy such as solar energy.