Hindustan Semiconductor Manufacturing Corporation on Wednesday announced a $4 billion investment plan for setting up a fab city in India in partnership with German technology major Infineon.
Infra major's entry could queer the pitch for Jaypee and Hindustan Semiconductor.
For the past few weeks, the government has been in an overdrive, pushing stuck projects with the larger aim to improve the country's economic growth, which had fallen to a four-year low of 4.4 per cent in the first quarter of this financial year.
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