Vedanta Resources' Semiconductor Plans Won't Chip Away At Liquidity: S&P Global Ratings

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Vedanta picks Gujarat for $20-bn semiconductor foray with Foxconn




Vedanta and its associate and Taiwan's electronics manufacturing company Foxconn have signed an agreement with the Gujarat government to set up semiconductor in Gujarat last week.



 It will be very important for India. This agreement will be strengthened to strengthen.


 If we talk about 2021, the value of India's semiconductor market was 27.2 billion dollars and by 2026, 64 billion is likely to reach the American dollar. 



About 19% compound is likely to grow at the annual growth rate. 

If the thing If any of these chips are not manufactured in India so far. 


Semiconductor chip electronic chips are used in the car taking the small device. Phone ATM cards are all used.


Vedanta and Foxconn will jointly set up the first semiconductor plant in Gujarat. 

 The companies' stake will be 60% and 40% respectively.


 It will be set up on 1000 acres in Ahmedabad. 

 Vedanta Chairman Anil Agarwal told PTI after signing a Memorandum of Understanding (MoU) with the Gujarat government on Tuesday, "The plant will start production in two years.

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