The Centre has announced a ₹76,000 crore incentive scheme for creating a robust semiconductor ecosystem in India.
Vedanta-Foxconn inked MoU with Gujarat to set up semiconductor & display fab for ₹1.54 lakh crore and generate 1 lakh direct employment.
This move will reduce electronic gadgets’ costs by more than 50% in INDIA!
India-made semiconductors will reduce laptop price to Rs 40,000 from Rs 1 lakh, says Anil Agarwal (Vendanta Chairman).
Vedanta Chairman Anil Agarwal said that they are also aiming to manufacture mobile phones, laptops, and EVs in India.
Vedanta shares rise over 10% today on the semiconductor plant project we can observe the sharp high in share rise in coming times.
The company is making one of its biggest investments of 1.5 lakh crore in high-tech India for setting up the country’s first-ever semiconductor chip plant in Gujarat.
The semiconductor market is expected to grow at a 19% CAGR.
India’s Semiconductor market is estimated to reach $63 billion by 2026 from $15 billion in 2020.
Gautam Adani says India needs to be self-reliant in semiconductor technology.