Vedanta Chairman Anil Agarwal on Thursday mentioned that he’s one hundred pc dedicated to provide semiconductors and show glass in India and have lined up companions for a similar.
Agarwal reacted after Taiwanese chip-making large Foxconn introduced it had withdrawn from a three way partnership to fabricate chips with India-based industrial large Vedanta.
He mentioned that India is a land of alternatives with large potential.
“We’d like a number of ventures to assist India change into a semiconductor and show glass hub. We welcome Foxconn and the entire world to come back and make investments on this sector,” Agarwal mentioned in a tweet.
He additional mentioned that they’re grateful to the federal government for taking proactive steps in the direction of realising the dream of atmanirbharta and electronics.
“That is what’s going to assist us change into a developed nation. My imaginative and prescient is to fulfil the goals of our younger India,” mentioned Agarwal.
The federal government has already mentioned that the choice of Foxconn to withdraw from its semiconductor JV with Vedanta has no impression on India’s semiconductor targets.
Vedanta earlier mentioned it’s going to go forward with the venture.
“Vedanta reiterates that it’s totally dedicated to its semiconductor fab venture and we now have lined up different companions to arrange India’s first foundry. We are going to proceed to develop our Semiconductor crew, and we now have the license for production-grade know-how for 40 nm from a outstanding Built-in Gadget Producer (IDM),” mentioned the corporate.
In his tweet, Agarwal mentioned that he’s happy with his crew who has labored laborious for the final one and a half years in closing on the best location, bringing in the very best specialists and firms “to hitch us in growing the electronics ecosystem”.
“Yeh India ka time hai. No person can cease our nation from constructing one other silicon valley. It is a turning level for our nation the place, with velocity and urgency, we’ll produce for India and the world,” he famous.