Last Updated: July 28, 2023, 14:20 IST
Speaking on the SemiconIndia 2023, Vedanta chairman introduced the corporate’s plans. (Reuters)
Vedanta Chairman Anil Agarwal stated on Friday that Gujarat will emerge because the semiconductor hub of India and “is right place for creating silicon valley of India.”
Indian conglomerate Vedanta’s Anil Agarwal on Friday outlined formidable semiconductor manufacturing plans for India, saying that the worldwide mining firm has recognized a world-class know-how associate and is within the means of tying up with them, its Chairman Anil Agarwal stated 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 stated.
Gujarat will emerge as semiconductor hub, he stated, 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 stated 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 know-how and fairness companions in semiconductors. Akarsh Okay Hebbar, Global MD of Vedanta Semiconductors and Display, not too long ago stated that the corporate will await the federal government nod to its purposes underneath 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 stated in an announcement. In an replace earlier this week, the oil-to-metals conglomerate stated its semiconductor utility underneath the modified scheme is into account by the federal government, whereas for show fabs, it’s now continuing with submitting a contemporary utility underneath the modified show scheme.
The Indian conglomerate expressed its resolve and dedication to provide critically essential semiconductors and show glass/modules for the rising Indian market.
(This story has been edited by News18 employees and is printed from a syndicated news company feed – PTI)
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