Vedanta (NSE: VEDL), an Indian natural resources conglomerate, has announced a $500 million (approximately 3.61 billion yuan) investment in its subsidiary, AvanStrate, a Japanese glass substrate manufacturer. This move is part of Vedanta's strategy to enhance India's self-reliance in electronics manufacturing and respond to growing global demand for advanced display technologies.

AvanStrate, known for producing high-quality glass substrates used in televisions, laptops, smartphones, tablets, automotive displays, and medical equipment, holds over 700 patents and operates advanced manufacturing facilities in Japan, Taiwan, and South Korea. The investment will expand AvanStrate's R&D capabilities and manufacturing output, particularly in next-generation glass substrates for the automotive sector.

In May 2024, Vedanta acquired an additional 46.57% stake in AvanStrate for $78.3 million, raising its total ownership to 98.2%. This acquisition supports Vedanta's plans to develop a display fabrication unit in Gujarat, advancing India's position in the global electronics supply chain.

AvanStrate's glass substrates are vital for producing TFT LCD panels, which are essential in consumer electronics, automotive displays, and medical devices. Akash Hebbar, Global Managing Director of AvanStrate, highlighted the company's critical role in India's technology growth, noting that the investment will drive innovative solutions in the industry.

Founded in 1991 as a joint venture between HOYA and Nippon Sheet Glass, AvanStrate was later acquired by the Carlyle Group in 2008 before Vedanta took over in 2017. Now, with near-total control, Vedanta aims to position AvanStrate as a leader in the expanding global glass substrate market, driving forward advancements in high-resolution and energy-efficient displays.

With this strategic investment, Vedanta seeks to reinforce AvanStrate's supply chain and technological expertise, contributing to India's ambitions to be a global electronics manufacturing leader.