The Inox Group is positioning itself to exploit growth prospects in the semiconductor and LNG industries in India. Inox Air Products is set to supply gases for semiconductor production while Inox India focuses on gas infrastructure. The government is investing heavily in the semiconductor sector, with significant foreign partnerships and domestic developments poised to boost self-sufficiency.
The Inox Group is preparing to capitalize on significant opportunities in the semiconductor and liquefied natural gas (LNG) sectors, as articulated by its promoter, Sidharth Jain. The Group’s subsidiary, Inox Air Products, is geared up to provide necessary gases to semiconductor manufacturers, while Inox India is focusing on constructing essential gas infrastructure for semiconductor fabrication plants and LNG storage facilities.
During semiconductor manufacturing, a total of 46 different gases are required, yet only six are produced within India, revealing a substantial supply gap, according to Jain. He emphasized the necessity for India to develop the capacity to produce all required gases if the semiconductor industry is to flourish in the country.
To support domestic semiconductor production, the Indian government has secured investments exceeding ₹1.5 trillion from various firms, including Micron and Tata Electronics. The introduction of the first chip from an Indian fabrication facility is anticipated by October, marking a pivotal advancement in the nation’s self-sufficiency in semiconductor production.
Inox Air Products is committed to investing in the production capabilities for the remaining 40 gases crucial for semiconductor operations. Jain mentioned, “The technology is out there, and we’re actively talking to global partners to bring it to India.
The Inox Group is strategically positioning itself to seize emerging opportunities in the semiconductor and LNG sectors, focusing on expanding domestic capabilities and reducing reliance on imports. With significant investments from the government and private entities, the semiconductor industry in India is poised for growth, and Inox is actively working on the infrastructure necessary to support it. Furthermore, Inox India’s emphasis on LNG as a transitional fuel underscores its commitment to align with global energy trends, ensuring substantial market engagement in both domains.
Original Source: www.livemint.com
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