Vedanta invites Japanese companies to partner in India’s electronics manufacturing revolution
In a strategic move aimed at fostering collaboration and investment prospects between Japan and India, the state government of Gujarat invited Vedanta to the roadshow targeting Japan’s major electronics players, ahead of the 10th Vibrant Gujarat Global Summit. Vedanta, while urging Japanese companies to partner in India’s electronics manufacturing revolution, highlighted the investment opportunities in the country, especially in Gujarat.
Akarsh K Hebbar, Global Managing Director of Vedanta’s Semiconductor and Display business, underscored the investor-friendly climate in India, particularly in Gujarat, emphasizing the nation’s commitment to providing Japanese companies with opportunities to engage in India’s flourishing electronics manufacturing industry. He complimented the Government of Gujarat for their policy stability, good governance, excellent infrastructure facilities, and hand-holding for ease of doing business at every step by the state’s proactive and efficient team.
He also outlined Vedanta’s plans to establish semiconductor and display fabs in Dholera SIR, Gujarat, and invited Japanese companies to partner with Vedanta in helping build the country’s first electronics manufacturing hub in the state. He further added that the hub has the potential to attract hundreds of SMEs and create more than one lakh jobs.
Addressing the Japanese industry, he said, “There is a $80-billion opportunity for companies willing to come and invest in this electronics manufacturing hub, and Vedanta will be the anchor for Japanese companies interested in investing in India.”
Vedanta‘s group company AvanStrate Inc. headquartered in Japan. Also, late last year, the company signed agreements with 30 Japanese technology companies to foster the development of India’s semiconductor and glass display manufacturing ecosystem. Vedanta Limited, a subsidiary of Vedanta Resources Limited, is a natural resources companies spanning across India, South Africa, Namibia, Liberia, UAE, Korea, Taiwan and Japan with significant operations in Oil & Gas, Zinc, Lead, Silver, Copper, Iron Ore, Steel, Nickel, Aluminium, Power & Glass Substrate and foraying into semiconductors and display glass.