Vedanta encourages Japanese businesses to join the revolution in Indian electronics manufacturing
The state government of Gujarat invited Vedanta to the roadshow targeting Japan’s leading electronics firms ahead of the 10th Vibrant Gujarat Global Summit in a move intended to enhance cooperation and investment potential between Japan and India.
Global natural resources and technology giant Vedanta invited Japanese firms to join India’s revolution in electronics manufacturing by highlighting the fantastic investment prospects in India, particularly in Gujarat.
Over the course of the two-day roadshow, Akarsh K. Hebbar, Global Managing Director of Vedanta’s Semiconductor and Display division, spoke to a group of Japanese business executives. He emphasized Gujarat’s welcoming environment for investors and India’s resolve to provide Japanese businesses great possibilities to participate in the country’s booming electronics manufacturing sector. He praised the Gujarati government for its stable policies, sound administration, first-rate infrastructure, and hand-holding for business convenience at every stage by the State’s proactive and effective personnel.
According to Akarsh Hebbar, who was speaking about the enormous opportunities in the nation, “The demand for electronics in India is fuelled by the Indian government’s initiatives like Make in India, Digital India, and the 100 Smart Cities Mission, which aim to promote local manufacturing, digitalization, and technological advancement across various sectors. Additionally, the demand for electronics has been increased by the expanding Internet and e-commerce markets. India, with a population of over 1.4 billion, offers enormous market potential for international electronics businesses.
He described the ambitious ambitions Vedanta has to develop semiconductor and display fabs in Gujarat’s Dholera SIR and asked Japanese firms to join Vedanta in the effort to create the nation’s first electronics manufacturing cluster there. The center has the potential to draw in hundreds of SMEs and generate more than one lakh employment, he said.
He stated, “There is an opportunity worth $80 billion for companies willing to come and invest in this electronics manufacturing hub, and Vedanta will be the anchor for Japanese companies interested in investing in India.” He was speaking to the Japanese industry.
As a result of the headquarters of its group business, AvanStrate Inc., Vedanta has a long-standing connection with Japan. To support the growth of India’s semiconductor and glass display manufacturing ecosystem, the business secured partnerships with 30 Japanese technology companies late last year.
Sibi George, the Indian ambassador to Japan, and Nikhilesh Giri, the consul general of Osaka-Kobe, hosted the occasion. Takehiko Furukawa, Director General of JETRO, assisted Vijay Nehra, IAS, Secretary, Department of Science and Technology, in leading the Indian delegation. Leading Indian and international businesses with operations in India were represented in the delegation.
