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Under the new structure, Twin Star Technologies Ltd will become its subsidiary and Vedanta's semiconductor and display business will be brought under TSTL

"Vedanta is committed to making India self-reliant in electronics. This is the beginning of the creation of a Silicon Valley in India, a cutting edge and world class electronics ecosystem. My dream is for every Indian youth to have an affordable smartphone, laptop and an electric vehicle," Vedanta Chairman Anil Agarwal said in a statement.

Vedanta Limited adds Semiconductors and Display Glass ventures to its portfolio The natural resources conglomerate foresees major growth by twin...

This represents a large growth opportunity for India where the semiconductor market stood at $ 24 bn in 2022 and is estimated to reach $ 80 bn by 2026.

Vedanta Limited, an Indian conglomerate, has announced the addition of Semiconductor and Display Glass ventures to its portfolio, aiming to boost the countrys electronics ecosystem and reduce imports

Bringing Taiwan to the World and the World to Taiwan

The Anil Agarwal-led group signed agreements with these companies at the recent Korea Biz-Trade Show 2023 event, organized by the South Korean government’s trade promotion arm.

Vedanta said the electronics hub has the capacity to attract more than 150 companies and can generate more than 100 thousand direct and indirect jobs in the future

(This story has not been edited by THE WEEK and is auto-generated from a PTI

H.E. Amit Kumar spoke about India as the most liberal investment destination with an ideal blend of innovation and talent, financial resources, supply chain ecosystem and industry-friendly policies.Boom Up Korea is an annual event organized by KOTRA in collaboration with Koreas Ministry of Trade, Industry and Energy.Vedanta Group company Avanstrate Inc. is a pioneering leader in the display glass industry with manufacturing footprint in Korea and Taiwan.