About a decade after combining all its businesses into Vedanta Ltd and then announcing a plan to make the company private, its chief, Anil Agarwal has now decided to split the business into six companies based on their business lines. The companies demerged from Vedanta would be Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Power, Vedanta Steel and Ferrous Materials, and Vedanta Base Metals.
Ahead of opening the second round of applications, IT Minister Ashwini Vaishnaw is on a three-day visit to the US where he is meeting major semiconductor players.
Hebbar was discussing investment opportunities in India with business leaders representing Korea's electronics industry at the event. He also spoke about Vedanta's planned display fab in Gujarat and the investment opportunity for Korean companies.
Sievers acknowledged India’s ambition to be a major player in the global electronics supply chain and plans of growing the domestic electronics manufacturing ecosystem to US$ 300 billion by 2026.