Vedanta to finalise semiconductors, display unit site by mid-June
Products

Vedanta to finalise semiconductors, display unit site by mid-June

Vedanta Limited will finalise a location for its $20 billion semiconductors and display unit in India by mid-June and will have the first chip product ready in two years.

Oil-to-metals conglomerate Vedanta said in February that it would diversify into chip manufacturing and declared plans to form a joint venture (JV) with Taiwan's Foxconn to help Prime Minister Narendra Modi's movement to make India a semiconductor manufacturing hub.

Vedanta has a total planned investment outlay of $20 billion for two separate plants for chip and display manufacturing.

Foxconn is our technical partner. The company may not take equity partners for the fab, Vedanta Chairman Anil Agarwal told the media.

In Davos, the Apple contract manufacturer will have technical accountability for the operation, from providing the tech to creating semiconductors, Agarwal said.

Vedanta is striving for incentives from Modi's government and is also in discussions with several Indian states on the plant's location.

On the sidelines of the annual World Economic Forum the first phase of Vedanta's project will have an investment of $2 billion, Agarwal said.

Private equity wants to be part of India's semiconductor development, and there was no lack of funds.

India estimates its semiconductor market will achieve $63 billion by 2026, corresponding with $15 billion in 2020.

You have to make another Taiwan in India, Agarwal said, noting that India will have to concentrate on bringing the whole semiconductor ecosystem locally for it to be an international powerhouse.

The Indian government has said it will extend incentives beyond an initial $10-billion plan for those investing in semiconductor manufacturing, as it seeks to become a critical player in the global supply chain for chips.

Image Source

Also read: Vedanta Ltd in a race to become India's first chip maker

Vedanta Limited will finalise a location for its $20 billion semiconductors and display unit in India by mid-June and will have the first chip product ready in two years. Oil-to-metals conglomerate Vedanta said in February that it would diversify into chip manufacturing and declared plans to form a joint venture (JV) with Taiwan's Foxconn to help Prime Minister Narendra Modi's movement to make India a semiconductor manufacturing hub. Vedanta has a total planned investment outlay of $20 billion for two separate plants for chip and display manufacturing. Foxconn is our technical partner. The company may not take equity partners for the fab, Vedanta Chairman Anil Agarwal told the media. In Davos, the Apple contract manufacturer will have technical accountability for the operation, from providing the tech to creating semiconductors, Agarwal said. Vedanta is striving for incentives from Modi's government and is also in discussions with several Indian states on the plant's location. On the sidelines of the annual World Economic Forum the first phase of Vedanta's project will have an investment of $2 billion, Agarwal said. Private equity wants to be part of India's semiconductor development, and there was no lack of funds. India estimates its semiconductor market will achieve $63 billion by 2026, corresponding with $15 billion in 2020. You have to make another Taiwan in India, Agarwal said, noting that India will have to concentrate on bringing the whole semiconductor ecosystem locally for it to be an international powerhouse. The Indian government has said it will extend incentives beyond an initial $10-billion plan for those investing in semiconductor manufacturing, as it seeks to become a critical player in the global supply chain for chips. Image Source Also read: Vedanta Ltd in a race to become India's first chip maker

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?