Amb. Kumar speaks about ideal blend of innovation-talent and industry-friendly policies
South Korean companies have been invited to participate in India’s first display fab in Gujarat by Vedanta Group to attract upstream and downstream investors.
“Given the investment-friendly policies of the Indian government, there is a huge opportunity for Korean companies to invest in this electronics hub,” said Akarsh K. Hebbar, Global Managing Director of Vedanta’s Semiconductor and Display.
“Vedanta is establishing India’s first display fab in Gujarat,” Hebbar informed a gathering of business leaders from around 50 companies representing Korea’s electronics industry.
Vedanta to discuss investment opportunities in India with the Korean industry at the ongoing Boom Up Korea 2023 event by KOTRA, the state-funded trade and investment promotion organization, Vedanta said in a release on 14 April 2023. Boom Up Korea is an annual event organized by KOTRA in collaboration with Korea’s Ministry of Trade, Industry and Energy.
Amit Kumar, India’s Ambassador to South Korea, also spoke at the event 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.
Vedanta Group company Avanstrate Inc is a pioneering leader in the display glass industry with manufacturing footprint in Korea and Taiwan. Avanstrate’s Pyeongtaek-si plant in Korea has been operational for more than 15 years, and manufactures Gen 4 to Gen 8 TFT display glass.
The facility also serves as the company’s R&D center, working on developing wafer glass, ultra-thin glass, next generation cover glass and AR/VR glass applications. fiinews.com
