Vedanta Chairman Anil Agarwal Announces Plans To Collaborate With A Leading Technology Company For Semiconductor Manufacturing
On Friday, Anil Agarwal, Chairman of Indian conglomerate Vedanta, revealed his ambitious plans for semiconductor manufacturing in India. Agarwal stated that the company has identified a top-notch technology partner and is currently in the process of finalizing a collaboration with them.
“Vedanta is fully committed to building semiconductors and displays. The kind of response we have received in Japan, Korea and America – the ecosystem is being built around Gujarat and we have signed hundreds of MoUs for this,” he said.
Gujarat will become a semiconductor hub, he said, adding that it is the “right place to create India’s Silicon Valley”. “For semiconductors, we have identified a world-class partner, we have already identified a world-class partner in technology and we are engaging with them,” he said at SemiconIndia 2023.
Vedanta Group has also made it clear that it remains committed to building India’s first semiconductor and display plants at the Dholera Special Investment site in Gujarat, and significant progress has been made in tying up technology and equity partners for semiconductors. Akarsh K Hebbar, global head of Vedanta Semiconductors and Display, said recently that the company expects the government to give its nod to its applications under the revised regime for semiconductor and display devices.
“After that, we will immediately start construction and embark on a path to bring electronics from India to the vision of our honorable Prime Minister Atmanirbhar,” Hebbar said in a statement. In an update earlier this week, the oil-metals conglomerate said the government will consider its semiconductor application under the amended system, while for display manufacturers, it will continue to file a new application under the amended display system.
The Indian conglomerate expressed its determination and commitment to produce critical semiconductors and display glass/modules for the growing Indian market.
