The rumor about chip making in India is intensifying. Vedanta group on Tuesday said it is set to set up India’s first semiconductor and display fabs in Gujarat and has already tied up with over 100 international suppliers and ancillary industries. Let us tell you, recently Foxconn ended the agreement with Vedanta Group for making chip (chip manufacturing in India). Vedanta has made this announcement only after that.
Chip plant will be set up here
Vedanta Semiconductor and Display Global MD Akarsh K. Hebbar K says that Vedanta Group is preparing to build India’s first semiconductor and display fab in Dholera Special Investment Zone of Ahmedabad district. Hebbar said that good progress has been made towards adding technology and equity partners in semiconductors and we will make an announcement soon. According to the news, the state government has allotted land in Dholera and the work of preparing it for fab construction is already underway.
waiting for government approval
Hebbar said, “At DisplayFab, we have a partnership with Innolux and we are ready to grow rapidly with the full support of our partner. The company is currently awaiting government approval on its application under the revised scheme for semiconductor and display fabs. As soon as the approval is received, we will start the construction immediately. The company says that the Prime Minister will set out on the path of making India self-reliant in electronics.
Vedanta group chairman Anil Agarwal had recently said that he is 100 percent committed to the production of semiconductor (chip manufacturing in India) and display glass in India and has also prepared partners for this.