��The company conveyed to the government last week that it would not be able to make the investment as the project would not be viable without the tax concessions. ���Ӥ��q��F���F���W�g��ܡA��������ϧ��Ӷ��رN�ä��i��A�S���|���u�f�C The company, however, said it would explore opportunities in the future,�� an unnamed Intel official told�Ӥ��q�A���ܡA���N�M�D���|�A�b���Ӫ���l�A ���@�L�W�A�^�S���x��i�D Business Standard�~�ȼз� . �C

Intel had sought tax concessions from the Indian government before investing $700 million in a wafer-testing facility in the country.�^�S�����n�D�|���u�f�A�ѦL�׬F�����e�A���C�����A�b�@�Ӵ����դu�t�b�Ӱ�C The concessions Intel sought included unlimited access to external commercial borrowings, tax waivers and an upfront payment of $100 million.�^�S������B�A�]�A�n�D�L����a�X�ݥ~���ӷ~�ɶU�A�|����K�M�w�I1����C

The view in the government was that providing concessions over and above those available in special economic zones could set a precedent for other foreign companies.�{���A�b�F�������u�f�A�W�L�W�z�o�ǥi�b�S�O�g�ٰϥi�ন���@�ӥ�ҡA��L�~�ꤽ�q�C There is also a view that the concessions sought are not commensurate with the level of activity that will take place at the proposed Intel facility.�]���@�طN���{���A����B�A�n�D�O���ۺ٪������A���ʱN�b��ij���^�S���]�I�C

In short the government thought that the value-addition was not enough to set a precedent and Intel decided to put its plan on hold.�b�u�����F���{������ȡA���F�O�������A�H�}�ФF�@�ӥ�ҩM�^�S���M�w�⥦���p�����m�C