Inside Vedanta’s Gigantic Semiconductor Ambitions | In the News
May 11, 2023
Vedanta is now betting big on a novel ecosystem to develop around India’s semiconductor and glass manufacturing industries, with what Hebbar believes will be “bunch of risk takers and entrepreneurs who will come in” to build new products.
“What’s different this time, unlike in the past, is that the government appears to be more committed,” says Yugal Joshi, Partner at Everest Group. “Today, while there is a growing sensitivity towards being self-reliant in the semiconductor space across Europe or the US, it may not be 100% possible. The industry is also cyclical with constraints and oversupply across various categories. India, meanwhile, should offer Vedanta with a captive market.”
