Executives from Vedanta Group and Taiwan’s Innolux Corporation recently met with Rajeev Chandrasekhar, the Minister of State for Electronics and IT, to discuss the establishment of a display fabrication plant in India. Mr. YJ Chen, CEO of Vedanta Displays Ltd; Mr. Sunil Duggal, Strategy & Policy Chairman; Mr. James Yang, President; and Mr. Jyh Chau Wang, Director of Innolux, were part of the delegation. The discussions center around India’s vision for domestic display manufacturing to achieve self-reliance in electronics manufacturing. Vedanta’s semiconductor and display business spokesperson confirmed ongoing talks for the display fabrication facility, emphasizing Vedanta’s commitment to supporting the government’s vision of a self-reliant India. The company had previously announced plans to establish an electronic chip and display manufacturing facility in the country. Vedanta had also formed a joint venture with Foxconn, a Taiwanese electronics manufacturer, which pledged a $19.5 billion investment for a semiconductor wafer fabrication plant. Despite Vedanta reporting a net loss of Rs 1,783 crore in the September quarter, its shares have rebounded over 14% from the 52-week low reached on September 28, 2023.
Vedanta is currently engaged in discussions with Taiwan’s Innolux to establish a display fabrication plant in India
You might be interested in
