It’s a known fact that with the growing demands of semiconductors in various industries like electric vehicles, batteries, aviation, electronics, etc due to the awareness of global warming and the rising prices of crude oil which has activated the need of diversifying in to a renewable source of energy, makes this industry much more lucrative then what it used to be few years ago.
Aaryans will not be lagging behind in exploiting this business opportunity and is going to set a semiconductor manufacturing plant in Maharashtra which will be starting its R and D by December 2023 and production by 2024.
FUTURE PROSPECTS FOR AARYANS
- Aaryans is going to invest heavily in the R and D facility and production set up of semiconductor vertical in Maharashtra and is already on the verge of finalizing the land site for the same Aaryans is going to have the state-of-the-art fab center and production facility which will use the most modern technology in manufacturing the semiconductors which will be able to cater to the needs of not only India but will also be exported to other countries.
- Aaryans has already signed a agreement with a compnay in South Korea, named CLAP, for joint venture set up of production facility in India and technology transfer.
- These semi-conductors will be used for our own verticals like EV, Aviation, Solar panel and battery production and this segment shall give us the upper hand in all our ventures associated with this industry.
- We are also going to train and educate the local youth to enable them to get employment and this will be a number more than 2800 plus. The size of investment will be close to Rs. 63000 crores.
