Vedanta committed to building India’s first semiconductor and display fabs

Akarsh K. Hebbar, Global MD, Vedanta Semiconductors and Display, recently released a statement. It states:

“Vedanta Group remains fully committed to building India’s first semiconductor and display fabs in Dholera Special Investment Region in Ahmedabad district, Gujarat. Substantial progress has happened to tie up technology and equity partners in semiconductors, and we will make an announcement soon.

"We continue to achieve key milestones in our progress. We have engaged with more than 100 global suppliers and ancillary industries who will form a key part of the semiconductor and display ecosystem. The Government of Gujarat has allotted us the land in Dholera, and work is already underway to prepare it for construction of the fabs.

"In display fab, we already have a partnership with Innolux, and are ready to proceed with speed with full support of our partner.

"We will await the Government of India’s nod to our applications under the modified scheme for semiconductor and display 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.”

One hopes that Vedanta's projects in semiconductors and displays start soon, without any hassles. Already, the backing out of Foxconn has hurt them, and India, somewhat.

The tie-up with Innolux, a Taiwan-based manufacturer for LCD TV, PID, monitor, notebook, industrial display, smart medical, automotive display, tablet, smart phone/mobile, and consumer electronics applications is laudable.

Elsewhere, Foxconn was in talks with TSMC and Japan's TMH to build chip factories in India.

Earlier, Vedanta had stated: "Vedanta reiterates that it is fully committed to its semiconductor fab project, and we have lined up other partners to set up India’s first foundry. We will continue to grow our Semiconductor team, and we have the license for production-grade technology for 40nm from a prominent integrated device manufacturer (IDM). We will shortly acquire a license for production-grade 28nm as well. Vedanta has redoubled its efforts to fulfill the Prime Minister's vision for semiconductors and India remains pivotal in repositioning global semiconductor supply chains."

Keep watching this space!