According to an official from the Indian conglomerate, discussions are taking place between Vedanta Group and Taiwan's Innolux Corporation regarding the establishment of a display fabrication plant in India. Both companies' officials had a meeting with Rajeev Chandrasekhar, the Minister of State for Electronics and Information Technology.
"Mr. YJ Chen, CEO, Vedanta Displays Ltd; Mr. Sunil Duggal- Strategy & Policy Chairman, Vedanta_Group; Mr. James Yang- President and Mr. Jyh Chau Wang - Director Innolux called on me at my office today. We discussed India's vision and goals in domestic display manufacturing to achieve Atmanirbharta in electronics manufacturing," the minister said in a post on X.
According to a spokesperson from Vedanta's semiconductor and display division, the two companies are currently engaged in discussions regarding the display fabrication facility.
"At Vedanta, we are committed to supporting the government's vision of a self-reliant India and are working towards establishing a display fab to enable Atmanirbharta in hi-tech electronics manufacturing," the spokesperson said.
The Vedanta Group has announced the establishment of an electronic chip and display manufacturing plant in India.
In the past, Vedanta partnered with Taiwanese electronics manufacturing titan Foxconn. Together, they revealed intentions to invest a whopping $19.5 billion in establishing a state-of-the-art semiconductor wafer fabrication plant.
Vedanta and Foxconn are currently seeking partners to establish semiconductor manufacturing units in India. In its pursuit of the semiconductor business, Vedanta has extended its engagement to Japanese companies as well.
We use cookies to ensure you get the best experience on our website. Read more...
