Vedanta urges South Korean electronics industry to invest in India

Vedanta was recently invited by KOTRA, the state-funded trade and investment promotion organization operated by the Government of South Korea, to showcase investment opportunities in India with the Korean industry at the ongoing Boom Up Korea 2023. This roadshow is supported by Indian government officials.

Akarsh K. Hebbar, Global MD of Vedanta’s Semiconductor and Display business, addressed a gathering of business leaders from around 50 companies representing Korea’s electronics industry. At a specially curated roadshow, he spoke about Vedanta’s planned display fab in Gujarat, India, and the huge investment opportunity for Korean companies.

He said: "Vedanta is establishing India’s first display fab in Gujarat. This will be the nucleus that will attract upstream and downstream players. Given the investment-friendly policies of the Indian government, there is a huge opportunity for Korean companies to invest in this electronics hub."

KOTRA also invited H.E. Amit Kumar, India’s Ambassador to South Korea and officials from the Government of Gujarat to the event. Also present was Manish Naik, Assistant Director, ICT and e-Goverance, Department of Science and Technology (GSEM), Government of Gujarat. Amit Kumar spoke about India as the most liberal investment destination with an ideal blend of innovation and talent, financial resources, supply chain ecosystem and industry-friendly policies.

Vedanta Group company, Avanstrate Inc., is a pioneering leader in the display glass industry with manufacturing footprint in South Korea and Taiwan. Avanstrate’s Pyeongtaek-si plant in Korea has been operational for more over, and manufactures Gen 4 to Gen 8 TFT display glass. The facility also serves as the company’s R&D center, working on developing wafer glass, ultra-thin glass, next generation cover glass and AR/VR glass applications.

Boom Up Korea is an annual event organized by KOTRA in collaboration with Korea’s Ministry of Trade, Industry and Energy.

H.E. Amit Kumar, India's Ambassador to South Korea, and Akarsh K. Hebbar, Global MD of Vedanta's Semiconductor and Display Business, are in the photograph above.