Vedanta - Foxconn to set up India's first semiconductor plant in Gujarat. | Metals and mining businessmen : Mr. Anil Agarwal

 

Vedanta - Foxconn to set up India's first semiconductor plant in Gujarat:

The whole world is battling for a small chip since Corona. This tiny chip is the real brain of electronic devices. Be it a fridge or TV, mobile phone, car or airplane, this chip is used in all products. If these chips are not available, then the production of crores of factories around the world stops. This chip is known as a semiconductor or silicon chip.

The world's 90% demand for these chips is met by Taiwan till now. But now India is also going to do chip manufacturing. Now India is preparing to become self-reliant in the matter of semiconductors. The country's first semiconductor manufacturing plant is going to start in Gujarat. This semiconductor plant is going to be installed by Vedanta. Vedanta has tied up with Foxconn for chip manufacturing.

Under this agreement, the chip manufacturing plant will invest ₹1,54,000 crore. This plant also manufactures display fabs along with semiconductors. Vedanta will manufacture the display fab unit with an investment of ₹ 94,500 crores, Whereas the manufacturing unit with an investment of ₹ 60,000 crore will also connect to Vedanta on the OSTP connector. Foxconn will be the technical partner with Vedanta.

Vedanta and Foxconn have also signed an MoU with the government. This project will create 1 lakh new jobs in Gujarat. Gujarat government will give 400 acres of land in Ahmedabad to Vedanta to set up the unit. Apart from this, cheap electricity and financial and non-financial subsidies will also be given. Overall, the government is making every effort the beginning semiconductor manufacturing in India.

The semiconductor manufacturing unit to be set up in Ahmedabad will have a 300-millimeter, for size vale 28-nanometer technology node, which will produce 8th generation displays. It can also be used to make small devices like watches, mobile TVs as well as large LEDs. Vedanta's semiconductor plant will start production in 2024.

The dream of becoming a semiconductor in India is about to come true. With this, India's economy will get a boost, as well as small businessmen will also get a big benefit, and the general public will start getting electric products at low prices.

Metals and mining magnate Businessmen : Mr. Anil Agarwal

We are always trying to make a better career. If someone is looking for a job, someone is trying to set up a business, study, or start a job or business. The advice of a successful expert acts as a guide for us. If you also want to establish your own business, then in this article we will tell you the experience of a big businessman, who built his business empire on his own, from whose experience you can get courage and learn.

The Bihar-born man intended to take his dreams to the skies, but people did not believe in his dreams. But the time also came when those people got the answer, and in 2003 he became the first Indian to list his company on the London Stock Exchange. yes, we are talking about the founder and chairman of Vedanta Group Mr. Anil Agarwal is known as a metal and mining magnate businessman globally.

He was born into an ordinary family and built an empire in the mining and metal business with his hard work and dedication. Anil Agarwal says that in the 1970s, he started the business of metal scrap with the help of his father, but at that time he had no idea about the market. He discovered people who were doing something similar to him. Just to learn and understand what he said here teaches us.

 

Anil Agarwal says he put what he had learned and increased the production capacity of his loss-making plant from around 10,000 tones to 50,000 tones. That is, learn from a business like yours and apply those experiences practically when the time comes. Further, his words say that strong faith and dreams that do not let you rest make you successful.

Anil Agarwal explains that Bharat Aluminum Company Ltd. (BALCO) was the first private investment company in the country, and most investors wanted to stay away from it. But seeing his trust, the big banks trusted him and all agreed to fund the acquisition and that BALCO  belonged to him. Tell Vedanta Aluminum came after Balco, Anil Agarwal believes that you keep moving forward. 

Take one step at a time and watch the doors open, nothing will seem impossible. Anil says that investors used to shy away from buying loss-making companies, but they saw an opportunity to grow in them and gradually Vedanta resources started taking shape. Anil Agarwal believes that the biggest hurdle in life comes when you stop taking any risks. 

Anil told in a recent post that the valuation of his company was low after starting the metal business, but he wanted to make it big. They say that to tell the truth, I was walking with the dream of making the biggest company among them. So I decided to come to London. Like common people, Anil Agarwal was also nervous after this big step. 

In such a situation, he used his old experience and learned from his father. He says that his parents taught him that our focus should be on the journey and not its end. As long as you keep enjoying the path you are on, you will find the way you want. So take courage and learn from the experience of Anil Agarwal, Founder, and Chairman of Vedanta Group and perform better in your field. 

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