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Vedanta to invest $500 million in display glass subsidiary AvanStrate Inc, eyes semiconductor manufacturing in India

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Vedanta to invest $500 million in display glass subsidiary AvanStrate Inc, eyes semiconductor manufacturing in India

Indian company Vedanta Ltd. plans to invest around $500 million in its subsidiary AvanStrate Inc., a leading global display glass manufacturer. Vedanta is also considering establishing a display semiconductor manufacturing facility in India. The strategic investment is aimed at driving innovation and expansion within AvanStrate, improving its research and development, manufacturing capabilities, and product offerings to meet the growing global demand for advanced display glass solutions. Vedanta acquired a 98% stake in AvanStrate earlier this year, and hopes to develop next-generation glass products for various industries including semiconductor and automotive displays.

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