Walden's semiconductor fund plan hits the wall.

A proposal by global venture capital firm Walden International to set up a fund to start semiconductor fabrication units in India has hit a roadblock, with the Planning Commission yet to approve the project.

The US-based firm had sent a proposal a year ago seeking participation from the Government.

A government source told Business Line that the Planning Commission is not in favour of the proposal. 'A final view may be taken after the General Elections are over,' the source said.


HBL