Vedanta’s Anil Agarwal says ‘India’s own Silicon Valley is a step closer now’

New Delhi: Chairman of Vedanta, Anil Agarwal taking to Twitter announced that to create a robust manufacturing base in India, Vedanta-Foxconn has chosen Gujarat as the destination for their semiconductor plant.

Taking to Twitter, Anil Agarwal said a memorandum of understanding was signed with the state government for setting up the semiconductor plant costing around Rs 1.54 lakh crore.

He said Vedanta’s landmark investment of ₹1.54 lakh crores will help make India’s Atmanirbhar Silicon Valley a reality.

“India’s own Silicon Valley is a step closer now. #India will fulfil the digital needs of not just her people, but also those from across the seas.

He also said that the journey from being a Chip Taker to a Chip Maker has officially begun…Jai Hind!”

He also expressed his gratitude towards Gujarat Govt & the Union IT Minister, who have helped Vedanta to tie things up quickly.

In a series of Tweet, he said that this project, which is expected to reduce India’s electronic imports besides providing 1 lakh direct skilled jobs, will help the country’s manufacturing sector

He also said this project will fulfil Prime Minister Narendra Modi’s vision of creating a robust manufacturing base in India.

Anil Agarwal, Chairman, Vedanta Resources Ltd also said that he is dreaming of the cluster around this.

Gandhinagar | Poor can’t afford a Rs 15-20,000 phone. It has just 2 raw materials – glass&semiconductor. Rest can be manufactured in our factories. I’m dreaming of the cluster around this. It’s becoming a hub of semiconductor&glass: Anil Agarwal, Chairman, Vedanta Resources Ltd pic.twitter.com/X2dh2FHCUn

— ANI (@ANI) September 13, 2022

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