Vedanta’s $20 B Semiconductor Plant in Gujarat on Hold

Despite Foxconn's departure, Vedanta is resolute in fulfilling India's semiconductor aspirations, backed by government support for electronics self-reliance.

Vedanta, in collaboration with technology and equity partners, is awaiting government approval to commence the construction of India’s first semiconductor and display fabs in Gujarat’s Dholera Special Investment Region. Despite Foxconn’s withdrawal from the project, Vedanta remains committed to realizing India’s semiconductor ambitions.


Introduction

Vedanta, a leading conglomerate, is eagerly awaiting the Indian government’s approval to kickstart the construction of a groundbreaking semiconductor production plant in Gujarat. This ambitious endeavor, undertaken in collaboration with technology and equity partners, aims to establish India’s first semiconductor and display fabs in the Dholera Special Investment Region of Ahmedabad district. With significant progress made in securing technology and equity partners, Vedanta is poised to make an announcement soon.

Vedanta’s Commitment to India’s Semiconductor Industry

Affirming their unwavering commitment, Akarsh K. Hebbar, Global Managing Director of Vedanta Semiconductors and Display, reiterated the group’s dedication to building India’s semiconductor and display fabs. The Gujarat government has already allocated land in Dholera for the project, and preparations are underway to facilitate the construction process. Vedanta eagerly awaits the government’s approval of their applications under the modified scheme for semiconductor and display fabs.

Partnership with Foxconn and Revised Application

Initially, Vedanta partnered with Foxconn to submit an application to the Ministry of Electronics and Information Technology (MeitY) for the establishment of a semiconductor fabrication unit in India. However, Foxconn recently withdrew from the $19.5 billion chipmaking project. Despite this development, both Vedanta and Foxconn are independently pursuing applications for semiconductor plants.

Government Support and India’s Semiconductor Ambitions

Minister of State for Electronics and Information Technology, Rajeev Chandrasekhar, took to Twitter to assure that Foxconn’s exit would not hinder India’s semiconductor ambitions. The government remains supportive of the semiconductor industry’s growth and development in the country. By granting the necessary approvals, India aims to foster self-reliance in electronics, aligning with the vision of the Honorable Prime Minister.

Conclusion

Vedanta, in collaboration with technology and equity partners, is eagerly awaiting the Indian government’s approval to commence the construction of India’s first semiconductor and display fabs in Gujarat’s Dholera Special Investment Region. Despite the withdrawal of Foxconn from the project, Vedanta remains fully committed to realizing India’s semiconductor ambitions. The company has made significant progress in securing technology and equity partners and anticipates making an announcement in the near future. With the government’s support and the establishment of the semiconductor plant, India is poised to advance its self-reliance in the electronics sector, in line with the vision of the Honorable Prime Minister.

Editorial Team
Editorial Team
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