Anil Agarwal led Vedanta Group has already announced to invest $15 billion to start chip and glass manufacturing in the country. The group will lead the charge through Japanese glass substrate manufacturer, AvanStrate
Intel could possibly be the first major multinational to start a semiconductor manufacturing fab in India. Minister for IT and Electronics, Ashwini Vaishnaw, in a tweet wrote, “Intel – Welcome to India”. The government of India has recently announced a Rs 76,000 crore policy program for boosting local manufacturing of semiconductor and display in India.
The company is known as one of the largest fabless semiconductor organizations in the world. Intel showing interest in India might mean encouragement for a lot of other semiconductor heavy-weights of the world. Presently, a lot of Intel chips are manufactured outside its home country the United States. The company, in March 2021, had announced that it would be investing $20 billion to set up semiconductor manufacturing in the state of Arizona.
Intel – welcome to India. https://t.co/1Wy90HfAjy
— Ashwini Vaishnaw (@AshwiniVaishnaw) December 28, 2021
Anil Agarwal led Vedanta Group has already announced to invest $15 billion to start chip and glass manufacturing in the country. The group will lead the charge through Japanese glass substrate manufacturer, AvanStrate. Akarsh Hebbar, managing director of AvanStrate had noted that his company was in last stages of conversations to start setting up a fab in India. The likes of Tata and Sahasra have already announced to start OSATs in the country.
The semiconductor program, as per the government of India, will usher in a new era in electronics manufacturing by providing a globally competitive incentive package to companies in semiconductors and display manufacturing as well as design.
India presently relies on imports for meeting all its semiconductor needs. The country spends approximately $24 billion on importing semiconductors. These figures are forecast to increase by leaps and bound in the next three to four years. Setting up a semiconductor fab, on the other hand, would require at least two to three years of time.
