New Delhi: Anil Agarwal, the chairman of the global mining corporation Vedanta, said on Friday that the company has discovered a world-class technology partner and is in the process of partnering with them. He also detailed ambitious chip manufacturing plans for India. “Vedanta is fully committed to building 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 said.
Gujarat will emerge as a semiconductor hub, he said, adding it “is the right place for creating silicon Valley of India. ” For semiconductors we have identified world-class partners, we have already identified a world-class partner for technology and are in the process of tying up with them,” he said at SemiconIndia 2023.
Vedanta Group has also stated that it is still dedicated to constructing India’s first semiconductor and display fabs in Gujarat’s Dholera Special Investment Region, and significant work has been achieved in securing equity and technical partners in the semiconductor industry.
Akarsh K Hebbar, Global MD of Vedanta Semiconductors and Display, recently said that the company will await the government nod to its applications under the modified scheme for semiconductor and display 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 said in a statement.
The oil-to-metals conglomerate stated in an update earlier this week that the government is currently reviewing its application for semiconductors under the amended scheme, while it is now moving forward with filing a new application for display fabs under the modified display scheme. The Indian conglomerate reaffirmed its resolve and commitment to manufacture crucial semiconductors and display glass/modules for the expanding Indian market.
Gujarat will emerge as a semiconductor hub, he said, adding it “is the 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 the process of tying up with them,” he said at SemiconIndia 2023.