‘Vedanta has lined up partners with semiconductors mission’: Chairman Anil Agarwal

livemint.com:

Vedanta Group Chairman Anil Agarwal on Thursday said that the company is 100% committed to producing semiconductors for which it has lined up partners. He calls India a ‘land of opportunities' with huge potential.

In a long tweet, Agarwal said, “We are 100% committed to produce semiconductors and display glass in India and have lined up partners for the same." “India is a land of opportunities with huge potential. We need several ventures to help India become a semiconductor and display glass hub.

We welcome Foxconn and the whole world to come and invest in this sector," Agarwal said. Speaking about his vision, the Vedanta Group Chairman said, “My vision is to fulfil the dreams of our young India aur issi chip mein chupi hai yuva bharat ke sapno ki chaabi." He also expressed gratitude to the Government of India for taking proactive steps towards realizing the dream of atmanirbharta and electronics which will help the country to turn itself into a developed nation.  “I am proud of my team who has worked hard for last one and a half years in closing on the right location, bringing in the best experts and companies to join us in developing the electronics ecosystem.

My people are my true pillars of strength…," he further tweeted.  “Nobody can stop our country from building another silicon valley. This is a turning point for our country where, with speed and urgency, we will produce for india and the world..," Agarwal added.  Taiwan's Foxconn said it intends to apply for incentives under India's semiconductor manufacturing plan, a day after parting ways with Vedanta on a $19.5 billion chipmaking joint venture.

Foxconn withdrew from the JV with Indian metals-to-oil conglomerate Vedanta on Monday. The Taiwanese electronics