In a significant push to PM Modi’s Make in India initiative, the Vedanta Group is currently in discussions with Innolux Corporation, a leading TFT LCD manufacturer based in Taiwan, with the aim of establishing a state-of-the-art display fabrication plant in India.
High-ranking executives from both companies recently met with Rajeev Chandrasekhar, the Minister of State for Electronics and Information Technology.
The meeting, which took place at the minister’s office, saw the participation of key figures from Vedanta and Innolux. YJ Chen, CEO of Vedanta Displays Ltd; Sunil Duggal, Strategy & Policy Chairman; James Yang, President; and Jyh Chau Wang, Director of Innolux, were present.
During the meeting, they discussed India’s vision and goals in domestic display manufacturing to achieve self-reliance in electronics manufacturing, as stated by the minister in a social media post.
A spokesperson representing Vedanta’s semiconductor and display business has confirmed that discussions are underway to establish a display fabrication facility, as per a report by PTI.
The spokesperson emphasized Vedanta’s commitment to supporting the government’s vision of a self-reliant India and their dedicated efforts toward creating a display fab to facilitate self-sufficiency in high-tech electronics manufacturing.
This move by Vedanta aligns with their prior announcements of plans to set up electronic chip and display manufacturing facilities in India.
Furthermore, the company has entered into a joint venture with Foxconn, a prominent Taiwanese electronics manufacturer, which previously revealed intentions to invest a substantial $19.5 billion in establishing a semiconductor wafer fabrication plant in the country.
