Vedanta To Tie Up With A World-Class Tech Partner For Semiconductor Manufacturing, Chairman Anil Agarwal Says – News18

Indian conglomerate Vedanta’s Anil Agarwal on Friday outlined bold semiconductor manufacturing plans for India, saying that the worldwide mining firm has recognized a world-class expertise associate and is within the technique of tying up with them, its Chairman Anil Agarwal mentioned on Friday.

“Vedanta is fully committed to build semiconductor and display fab. The kind of response we have got in Japan, Korea, America – the ecosystem will be built around Gujarat and we have signed 100s of MoUs for this purpose,” he mentioned.

Gujarat will emerge as semiconductor hub, he mentioned, including it “is right place for creating silicon valley of India”. “For semiconductor we have identified world class partner, we have already identified a world class partner for technology and are in process of tying up with them,” he mentioned at SemiconIndia 2023.

Vedanta Group too has made it clear that it stays dedicated to constructing India’s first semiconductor and show fabs in Dholera Special Investment Region in Gujarat, and substantial progress has occurred to tie up expertise and fairness companions in semiconductors. Akarsh Okay Hebbar, Global MD of Vedanta Semiconductors and Display, lately mentioned that the corporate will await the federal government nod to its purposes below the modified scheme for semiconductor and show fabs.

“Thereafter, we will immediately begin construction and set out on the path to make India atmanirbhar in electronics in line with the vision of our honourable prime minister,” Hebbar had mentioned in a press release. In an replace earlier this week, the oil-to-metals conglomerate mentioned its semiconductor utility below the modified scheme is into consideration by the federal government, whereas for show fabs, it’s now continuing with submitting a contemporary utility below the modified show scheme.

The Indian conglomerate expressed its resolve and dedication to supply critically necessary semiconductors and show glass/modules for the rising Indian market.

(This story has not been edited by News18 workers and is revealed from a syndicated news company feed – PTI)