No major fab investments for India in 2007 - Gartner says

Gartner predicts that there will not be any major fab investments for India in 2007. There indeed is a lot of buzz for India in the design space. It has led to major collaborations as well as investments. Global contract manufacturers have entered with an eye on the huge local market potential. While a few consortia have plans, some of which have started on their first stages, it will take some time before any further significant investment is done towards setting up fabs and moving India to a design plus manufacturing hub.