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Discover how their new 100,000 MTPA Vasai facility drives engineering innovation and infrastructure growth.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJuly2026\u002Fnews\u002Ftembo-global-industries-opens-new-vasai-facility-boosts-capacity-to-100000-mtpa-0tSB5k.png","2026-07-31T02:07:26+05:30",{"title":68,"slug":69,"excerpt":70,"imageUrl":71,"publishedAt":72,"author":11,"category":12},"N.A.N. MagneTech to Invest INR 1,250 Cr in NdFeB Magnet Plant","nan-magnetech-to-invest-inr-1250-cr-in-ndfeb-magnet-plant","N.A.N. 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He will spearhead India's first integrated display fab, boosting domestic electronics manufacturing.","\u003Cp>\u003Cimg style=\"float: left;\" src=\"https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJuly2023\u002FYJ%20Chen.png\" alt=\"\" width=\"135\" height=\"203\">Vedanta Group recently announced the appointment of YJ Chen as the Chief Executive Officer (CEO) of its display business. He will spearhead Vedanta’s ambitious plans to establish India’s first display fab. He brings more than 23 years of experience in the display industry, with a record for having built and operated four G8.6 fabs worth more than US $20 billion in six years, featuring the world’s latest display technologies.\u003C\u002Fp>\r\n\u003Cp>Earlier, Chen was with Chinese display maker HKC Corp, where he was Executive Vice President. He was instrumental in driving HKC’s growth to become the world’s third largest television panel manufacturing company. He has more than 400 patents and was also the chief inventor at HKC. Prior to this, he held key positions in renowned organizations, including Innolux, Xiamen, and GIP. Besides being an innovator and business leader, he is also a successful entrepreneur. He co-founded Jumpwin Materials, a transparent polyamide (PI) material manufacturer, and Glass Polish, a cutting-edge glass-polishing company.\u003C\u002Fp>\r\n\u003Cp>Display glass is a key component of almost all electronic items – from consumer electronics to healthcare devices, and from automotives to wearables. In 2024, India’s display market is estimated to grow to ~US $11 billion, representing around 10 percent global share. This is expected to triple to US $25-30 billion by 2030. To meet this demand, India needs at least 10-12 fabs. Currently, the country’s display needs are met largely through imports from China. Vedanta aims to set up the country’s first integrated display glass and panel facility catering to all major applications, including TV, IT, auto, and mobile phones. This will significantly increase domestic value add in electronics manufacturing from 15 percent to 60 percent.\u003C\u002Fp>\r\n\u003Cp>Display glass technology is rapidly evolving, and Vedanta is well-equipped to capitalize on this growth. Vedanta already has a strong play in the glass sector through Sterlite Tech, a global leader in fiber optics, and through AvanStrate Inc, among the pioneers and global leaders in TFT LCD glass substrates. The establishment of an integrated glass and display panel fab in India represents the next step in the value chain, enabling the Group to solidify its position as a key technology partner in the electronics industry. \u003C\u002Fp>\r\n\u003Cp>Vedanta’s foray into the display industry aligns with the company’s long-term vision and commitment to fostering economic growth, creating employment opportunities, and driving technological advancements in India. The display fab will not only strengthen Vedanta’s position as a global player in the electronics manufacturing industry, but also contribute to India’s strategic goals in becoming self-reliant in high-value manufacturing, boosting exports, and creating significant employment opportunities.\u003C\u002Fp>\r\n\u003Cp>“We are pleased to welcome YJ Chen as CEO of our display business,” stated Anil Agarwal, Chairman, Vedanta. “He brings with him extremely valuable technical expertise, deep understanding and experience of building and operating display fabs, and incredible business acumen. We are confident of his ability to lead our display business, which will help develop a sustainable electronics manufacturing ecosystem in India.”\u003C\u002Fp>\r\n\u003Cp>“Vedanta group company Avanstrate, which has operations in Korea, Taiwan, and Japan, is the world’s fourth largest glass company and has more than 700 patents. India currently imports 100 percent of this glass. Prime Minister Modi’s vision is to produce display glass for laptops, smartphones, TVs, automobiles, EVs, etc. in India to make electronics affordable for all. We are setting up an integrated glass and display manufacturing plant in Gujarat, which will help create an electronics cluster, offering massive job opportunities, especially for women,” he added.\u003C\u002Fp>\r\n\u003Cp>Against this backdrop, Chen commented, “India is strategically poised to lead the next phase of growth for the global display industry. I am energized by Vedanta’s commitment to establishing India’s first display fab and am confident of the Group’s foresight and dedication to capturing the immense potential of the global market for next-generation display products.”\u003C\u002Fp>\r\n\r\n\u003Cp>For more information: \u003Cstrong>www.vedantalimited.com\u003C\u002Fstrong>\u003C\u002Fp>","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJuly2023\u002FC07VqR8deMNqznrLV0y5.jpg","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fsocial\u002Fhorizontal\u002Fposts\u002FJuly2023\u002FC07VqR8deMNqznrLV0y5.jpg","2023-07-11T06:29:19+05:30",0,"Vedanta Group appoints YJ Chen as CEO of its new display business.\nYJ Chen will lead India's first integrated display fab, leveraging 23+ years of experience.\nThis initiative aims to significantly boost India's electronics manufacturing and self-reliance.","Major news from the Indian electronics industry! Vedanta Group has appointed industry veteran YJ Chen as CEO of its new display business. Chen, with over 23 years of experience and a track record of building G8.6 fabs, is set to lead the establishment of India's first integrated display fab. This strategic move aims to revolutionize domestic electronics manufacturing, increasing local value addition from 15% to 60%, and tapping into India's rapidly growing display market, projected to reach $25-30 billion by 2030. Vedanta's commitment aligns with India's vision for self-reliance and creating massive employment opportunities in high-value manufacturing. A significant step towards a robust electronics ecosystem. #IndiaElectronics #DisplayTech #Vedanta","Big news! Vedanta Group names YJ Chen CEO of its display business. He'll lead India's first integrated display fab, aiming to transform electronics manufacturing and boost self-reliance. Major step for #MakeInIndia and high-tech jobs! #DisplayFab","Exciting news for India's tech future! 🇮🇳 Vedanta Group just welcomed YJ Chen as CEO of its brand new display business! 🎉 He's a true industry legend, bringing over two decades of expertise to build India's FIRST integrated display fab. Think about it: screens for your phones, TVs, cars, and medical devices – all made right here! This isn't just about a new plant; it's about boosting our economy, creating tons of jobs (especially for women!), and making India self-reliant in cutting-edge electronics. Get ready for an electronics revolution! ✨ #IndiaTech #DisplayManufacturing #VedantaGroup #ElectronicsIndia #MakeInIndia #Innovation #JobCreation",{"title":145,"description":147,"keywords":158},"vedanta group, yj chen, display business, india display fab, electronics manufacturing india, display industry, g8.6 fabs, semiconductor manufacturing, make in india",{"title":160,"slug":161,"imageUrl":162},"EU-India Leaders Conference 2023 Highlights Textile Cooperation and FTA","eu-india-leaders-conference-2023-highlights-textile-cooperation-and-fta","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJuly2023\u002Fzk6ufCUSSCyjgdOOTvbP.png",{"title":164,"slug":165,"imageUrl":166},"IndianOil, Praj Industries Partner to Drive Biofuels Expansion in 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