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Vedanta Ready to Produce Chips in India, Confirms Anil Agarwal

Vedanta chip production facility in India
Anil-Agarwal, Chairman Vedanta Resources Limited confident of developing chips in India

Vedanta Resources Limited, an Indian multinational mining company headed by Chairman, Anil Agarwal, who is also the founder of the company has made a claim that his company is fully equipped and ready to prepare chips in India. Anil, 69, is a believer of Atmanirbhar Bharat”(self-reliant India) and its concept which basically implies that India and the companies originated from the nation should be self-sufficient in producing, developing, and integrating advancements in all sectors including technology by the utilization of nation’s resources.

Recently, in an interview, talking about Vedanta’s future, Agarwal was seen sharing his visions for the company in the near as well as long future. Agarwal shared his ambitious vision for Vedanta when questioned about the company’s outlook over the next decade. He stated that,

More than a one trillion dollar company, no question. We will be in natural resources, we will make Atmanirbhar, we will produce our own copper, we will produce our own oil and gas.

In September of last year , a news related to Vedanta came out in which Anil Agarwal was seen mentioning that his company is ready to invest INR 1.54 trillion in chip-making unit , which was to be setup in Gujarat. Through which a semi-conductor unit was to be setup in a budget of whopping INR 94,500 crore and an OSAT facility to be setup at a cost of INR 60,000 crores. This agreement was signed upon in the presence of Gujarat Chief Minister Bhupendra Patel and Union Minister for Electronics and Information Technology, Ashwini Vaishnav.

Anil Agarwal has a view that emphasis should be empowering the production of chips as they can play a vital role in powering the futuristic ballistic technologies like Artificial Intelligence, where currently we have seen a whopping jump in the market value of chip making American giant Nvidia , who entered the list of $1 Trillion worth value just this Tuesday. He believes that Vedanta has the potential and asserts which could be trusted upon , and they are fully equipped to manufacture semiconductors. Similar to Nvidia, Anil is confident that his company can also reach the market figures of $1 trillion.

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