Vedanta team visits Pune to examine chip plant

A team from Vedanta visited Pune to examine the feasibility of setting up its electronic chip plant in the district, a government official said on Friday. Vedanta Group firms have applied for the incentive scheme to set up semiconductor and display manufacturing units in the country.

A team from Vedanta visited Pune on Thursday. An official from the Maharashtra Industrial Development Corporation MIDC said they were just assessing the place and the ecosystem for their proposed semiconductor unit. An e-mail sent to Vedanta did not elicit any reply. Vedanta plans to scale up the investment to as much as $20 billion and electronic chips from Indian manufacturing plants by 2025, as well as display units for use in mobile phones and electronics devices, by 2024 and by 2025, according to Vedanta. Pune has several manufacturing plants of automobile companies. Vedanta plans to make 28 nanometer electronic chips that can be used in mobiles, power and automotive products.

Vedanta had proposed to set up an LCD screen plant in Maharashtra in 2016 with an investment of $10 billion, but it could not take off due to the lack of technology tie-ups. Anil Agarwal-led group acquired display manufacturing company Avanstrate, which addressed the technology issue that Vedanta faced earlier.