Vedanta to invest $15 bn in semiconductor, display unit ventures

23 Feb 2022 CW Team

The Vedanta Group, led by Anil Agarwal, is preparing for two individual ventures which may witness investments of around $15 billion in chip and display manufacturing space across the country.

One venture will be with the Hon Hai Technology Group, also known as Foxconn to manufacture 28-nanometer semiconductor chips, these will be based on a technology developed by Taiwanese multinationals. While the other is for a display manufacturing unit.

For the display unit venture, the company is having discussions with a minimum of seven global major companies which include Japan Display, LG, and Sharp for a potential partnership in technology or equity.

According to the managing director of Avanstrate (Vedanta Group firm), Akarsh Hebbar there are going to be two different special purpose vehicles (SPVs). There will be a 60:40 joint venture (JV) between Avanstrate and Foxconn for the chip (will bring in technology) manufacturing, wherein two equity partners are enough.

Currently, Avanstrate is searching for about 450 acres of land for both ventures. The locations are set in various parts of the country such as Maharashtra, Gujarat, Karnataka, and Tamil Nadu.

The two companies formed a joint venture (JV) for the manufacturing of semiconductors on February 14. In the electronics manufacturing space this JV was the first tie-up after the government announced the incentive policy.

Vedanta group is expected to commence the manufacturing of 28-nanometer chips that are used widely in India by 2026. It expects the production to reach about 60,000 units per month. The display venture is expected to be in place by 2024.

Image Source

Also read: Vedanta partners with Foxconn to produce semiconductors in India

Real Estate

28 Oct 2025

Indian Real Estate Sector Sees Highest Capital Inflow in Seven Years

Equirus Capital, a leading full-service investment banking firm, has reported that India’s real estate sector has witnessed its highest capital inflow in seven years, with funds raised reaching ₹23,080 crore across 12 deals.According to Equirus Capital’s analysis, the cumulative capital raised by the sector since FY18 stands at ₹72,331 crore. Of this, Real Estate Investment Trusts (REITs) accounted for the largest share at ₹31,241 crore, followed by large-cap real estate companies at ₹20,437 crore, mid-cap players at ₹12,496 crore, and small-cap firms contributing ₹8,156 crore...

India’s Flex Office Market Set for Record Growth

myHQ by ANAROCK, India’s largest workspace discovery and flexible office solutions platform, has released its Flex Office Market in India 2025 Report, revealing that India is set to become the Asia-Pacific region’s largest flexible office market. The report highlights how flexible workspaces have become a mainstream component of India’s commercial real estate, capturing a growing share of national leasing activity.“Flexible workspaces have evolved from a cost-optimisation tool to a strategic necessity,” said Utkarsh Kawatra, CEO and Co-Founder, myHQ by ANAROCK. “Average corporate d..

India Defies Regional Slowdown; Office Leasing on Track for Record High in 2025

India’s office market continues to outperform the broader Asia-Pacific region, emerging as a key growth driver amid regional headwinds, according to Knight Frank’s Asia-Pacific Office Highlights Q3 2025 report. With 8.8 million sq. ft. transacted in the third quarter alone, leasing momentum remains robust. Full-year volumes across Bengaluru, NCR, and Mumbai are projected to reach 50 million sq. ft., surpassing the previous record of 41 million sq. ft. set in 2024.The surge has been fuelled by sustained leasing from Global Capability Centres (GCCs) and renewed activity from third-party IT s..