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Vedanta looking to collaborate with Japanese firms to invest in electronics manufacturing
Manufacturing - Oct 19,2023 -The Ani Agarwal-led Vedanta Limited has asked Japanese companies to collaborate and invest in India's "electronics manufacturing revolution".
The company stated in a filing that this is in coordination with Gujarat's initiative to promote ties between Japan and India.
“The demand for electronics in India is fuelled by the Indian government's initiatives such as Make in India, Digital India, and the 100 Smart Cities Mission, which aim to promote local manufacturing, digitalisation and technological advancement across various sectors," Akarsh K Hebbar, global managing director of Vedanta’s semiconductor and display business, said at a gathering of Japanese industry leaders at the Embassy of India in Tokyo and Osaka during a two-day roadshow.
“Additionally, the growing penetration of the internet and increasing adoption of e-commerce have further boosted the demand for electronics. With a population of more than 1.4 billion, India presents a huge market opportunity for global electronics companies," Akarsh added.
Vedanta is in talks to develop a semiconductor chip manufacturing plant in Dholera, Gujarat. Hebbar invited Japanese leaders to partner with Vedanta and help build the country’s first electronics manufacturing hub in the state.
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