Chip plant will create another Silicon Valley: Vedanta’s Agarwal

Bengaluru: Anil Agarwal, chairman of the $30-billion Vedanta Group, was in Bengaluru on Friday to address an alumni event at IIM, and to meet Karnataka chief minister Basavaraj Bommai. The latter meeting was a closed-door one, and went on for an hour-and-a-half. The CM’s office did not disclose what transpired. But a major discussion was presumably on Vedanta and Taiwanese semiconductor giant Foxconn’s plan, announced in February, to invest in a $20-billion semiconductor and display glass facility in India. Many states are vying for it. In an exclusive interaction with TOI prior to the CM’s meet, Agarwal provided some indication of what he would discuss, what a semiconductor plant will entail, the India opportunities, and his views on Vedanta’s copper plant in Thoothukudi that has been shut since 2018 following local protests.