SPEL Semiconductor Limited has got formal approval from India’s Central Government for its proposed “SPEL SEZ” (Special Economic Zone) in Chennai. This much awaited approval with support from the Central & State Governments, will enable SPEL to move forward towards developing the eco-system within the region.

SPEL submitted its application in Oct 2006. The same was studied and recommended by the TamilNadu State Government in Dec 2006. Based on the various policy amendments, a special Board of Approval (BoA) for SEZs gave its approval for SPEL SEZ on Jun 5, 2007.

Being India’s first & only Semiconductor IC Assembly & test company, SPEL has represented India globally with its success story and commitment to excellence. Having attained success and global recognition from its base in Chennai, SPEL is committed to the development of Electronics Hardware Manufacturing in TamilNadu, especially in Chennai.

SPEL SEZ will definitely go a long way in facilitating the growth of this industry. This SEZ will co-locate players from related industries thereby developing the eco-system. For Chennai, which has been promoted as an IT Hardware Manufacturing Hub, this SEZ promoted by a Semiconductor company will be yet another feather in Chennai’s cap.

SPEL, currently on growth mode, has considerably increased its attractiveness with an investment of $2.2 Million in Feb 2007 and another $5.5 Million in Apr 2007. These investments have been focused on expanding SPEL’s existing package lines. The Financial Year 2006-07 saw SPEL gain tremendous momentum which was reflected not only in its increased sales & revenues but also in new Customers, Partners & new business opportunities.

SPEL ICs are used globally in consumer electronics applications such as Cell Phones, PDAs, Desktop PCs, Notebook Computers, Digital Cameras and Automobiles.