Akarsh K. Hebbar, who leads Vedanta’s semiconductor and display business on a global scale, extended a warm invitation to Japanese leaders. He invited them to collaborate with Vedanta in establishing India’s inaugural electronics manufacturing center in Gujarat.
For Electronics Manufacturing Vedanta Limited Invites Japanese Companies to Invest in India.
New Delhi: Anil Agarwal Founder of Vedanta Limited Invites, to Japanese companies to collaborate and invest in India’s “electronics manufacturing.” This aligns with Gujarat’s efforts to strengthen ties between Japan and India, as announced by the company in a statement on Tuesday.
“The demand for electronics in India is driven by the Indian government’s initiatives such as Make in India, Digital India, and the 100 Smart Cities Mission, all aimed at promoting local manufacturing, digitalization, and technological progress across various sectors,” stated Akarsh K. Hebbar, the global managing director of Vedanta’s semiconductor and display business. He made this announcement during a two-day roadshow at the Embassy of India in Tokyo and Osaka, where he addressed Japanese industry leaders.
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He went on to explain, “Furthermore, the growing internet penetration and the increasing adoption of e-commerce have further increased the demand for electronics. With a population of more than 1.4 billion, India offers a significant market opportunity for global electronics companies.”
Vedanta is in discussions about establishing a semiconductor chip manufacturing plant in Dholera, Gujarat. Hebbar welcomed Japanese leaders to join Vedanta in creating India’s inaugural electronics manufacturing center in the state, emphasizing the potential for attracting numerous small and medium-sized businesses and generating over one lakh jobs.
“There is an $80 billion opportunity for companies willing to invest in this electronics manufacturing hub. Vedanta will serve as the anchor for Japanese companies interested in investing in India,” he added.
The conglomerate with interests in natural resources has a longstanding relationship with Japan, with its group company, AvanStrate Inc., headquartered in the country. Last year, the company signed agreements with 30 Japanese technology firms to promote the development of India’s semiconductor and glass display manufacturing ecosystem.