Suchi Semicon starts plant without govt’s incentive, plans to spend $100 mn

Gujarat-based Suchi Semicon has started production of semiconductors without the Centre’s incentive and plans to invest $100 million in three years, a top official of the company said on Sunday.

Suchi Group Chairman and Suchi Semicon founder Ashok Mehta said though the company has applied for the Centre’s incentive under SPECS (Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors) and India Semiconductor Mission, it does not want to hold on to production for the sake of incentives.