Vedanta's semiconductor manufacturing entry: Anil Agarwal
Technology

Vedanta's semiconductor manufacturing entry: Anil Agarwal

Vedanta announced its plans to enter the semiconductor manufacturing industry during the current year and shared details about its chosen partners for this venture. Anil Agarwal, Chairman, Vedanta, mentioned this development just two days after the company and Foxconn terminated their joint venture to produce semiconductors in India.

During the company's annual general meeting, Agarwal informed the shareholders, "We have arranged partners for our semiconductor venture. Subject to government approvals, our company will embark on a historic journey into semiconductor fab and display fab this year." He further added, "This will create a completely new avenue for rapid growth in a sector that holds strategic importance for our country."

India presently imports electronics amounting to $ 100 billion annually, with semiconductors and display glass alone accounting for $ 30 billion. In February 2022, Foxconn and Vedanta had jointly announced a $ 19.5-billion venture to manufacture chips and display panels in India, positioning themselves as one of the initial participants in the government's India Semiconductor Mission, which holds crucial significance.

Recently, the Vedanta group declared its decision to acquire the semiconductor and display businesses from its sister concern, Twin Star Technologies. This acquisition establishes Vedanta as the first Indian company in the integrated semiconductor and display fab business. The group also owns AvanStrate, the fourth largest manufacturer of glass substrate globally. In addition to its presence in the natural resources sector, including oil and gas, aluminum, zinc, power, copper, steel, and iron ore, Agarwal expressed confidence in the significant returns anticipated from this sector in the coming years.

Agarwal emphasized the importance of domestic manufacturing and highlighted the government's efforts to create an investment-friendly environment. He believed that this would benefit India, as the world is increasingly viewing the country as a manufacturing hub. Addressing the shareholders, he stated, "your company, being the largest diversified natural resources company in India, is well positioned to seize this enormous opportunity for our nation."

Vedanta has allocated $ 1.7 billion for growth capital expenditure in the current year.

Also read:
Hild Electric bags NTPC order for alkaline electrolysers
FIVE becomes first hotel to obtain i-RECs in UAE


Vedanta announced its plans to enter the semiconductor manufacturing industry during the current year and shared details about its chosen partners for this venture. Anil Agarwal, Chairman, Vedanta, mentioned this development just two days after the company and Foxconn terminated their joint venture to produce semiconductors in India. During the company's annual general meeting, Agarwal informed the shareholders, We have arranged partners for our semiconductor venture. Subject to government approvals, our company will embark on a historic journey into semiconductor fab and display fab this year. He further added, This will create a completely new avenue for rapid growth in a sector that holds strategic importance for our country. India presently imports electronics amounting to $ 100 billion annually, with semiconductors and display glass alone accounting for $ 30 billion. In February 2022, Foxconn and Vedanta had jointly announced a $ 19.5-billion venture to manufacture chips and display panels in India, positioning themselves as one of the initial participants in the government's India Semiconductor Mission, which holds crucial significance. Recently, the Vedanta group declared its decision to acquire the semiconductor and display businesses from its sister concern, Twin Star Technologies. This acquisition establishes Vedanta as the first Indian company in the integrated semiconductor and display fab business. The group also owns AvanStrate, the fourth largest manufacturer of glass substrate globally. In addition to its presence in the natural resources sector, including oil and gas, aluminum, zinc, power, copper, steel, and iron ore, Agarwal expressed confidence in the significant returns anticipated from this sector in the coming years. Agarwal emphasized the importance of domestic manufacturing and highlighted the government's efforts to create an investment-friendly environment. He believed that this would benefit India, as the world is increasingly viewing the country as a manufacturing hub. Addressing the shareholders, he stated, your company, being the largest diversified natural resources company in India, is well positioned to seize this enormous opportunity for our nation. Vedanta has allocated $ 1.7 billion for growth capital expenditure in the current year. Also read: Hild Electric bags NTPC order for alkaline electrolysers FIVE becomes first hotel to obtain i-RECs in UAE

Next Story
Infrastructure Urban

Coal Ministry Achieves Milestones under Special Campaign 5.0

The Ministry of Coal and its Public Sector Undertakings (PSUs) have achieved notable milestones under the Special Campaign 5.0, focusing on cleanliness, operational efficiency, and sustainability across the coal sector. During the implementation phase from 2–31 October 2025, over 1,205 sites were cleaned, covering 68,04,087 sq ft, nearing the target of 82,51,511 sq ft. Scrap disposal of 5,813 MT against a target of 8,678 MT generated Rs 228.7 million in revenue. In addition, 1,11,248 physical and 30,331 electronic files were reviewed, with 74,123 weeded out or closed. Key initiatives showc..

Next Story
Infrastructure Energy

Vesting Orders Issued for Three Coal Blocks under Commercial Auctions

The Ministry of Coal’s Nominated Authority has issued vesting orders for three coal blocks under commercial coal block auctions on 23 October 2025. The Coal Mine Development and Production Agreements (CMDPAs) for these mines were earlier signed on 21 August 2025. The three blocks include Rajgamar Dipside (Deavnara), Tangardihi North, and Mahuagarhi. Of these, two are partially explored while one is fully explored, with a combined peak rated capacity of around 1 MTPA and geological reserves of approximately 1,484.41 million tonnes. These mines are expected to generate annual revenue of abou..

Next Story
Infrastructure Urban

TEC, IIT-Hyderabad Partner to Boost 6G and Telecom Standards

The Telecommunication Engineering Centre (TEC), technical arm of the Department of Telecommunications (DoT), has signed a Memorandum of Understanding (MoU) with the Indian Institute of Technology Hyderabad (IIT Hyderabad) for joint research and technical collaboration in advanced telecom technologies and standardisation. The partnership focuses on developing India-specific standards and test frameworks for next-generation networks, including 6G, Artificial Intelligence (AI), and Non-Terrestrial Networks (NTNs). It also aims to enhance India’s participation in international standardisation f..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?