Mitsubishi Chemical’s Strategic Entry into India's Semiconductor and EV Supply Chain

Mitsubishi Chemical Group plans to enter India's semiconductor and EV sectors' supply chain. The company seeks partners and government support for their project, which is still in early planning stages. Their focus includes carbon-neutral initiatives, with previous industry experience in West Bengal serving as a solid foundation.

In a recent development, Mitsubishi Chemical Group of Japan has expressed a keen interest in establishing itself within India's semiconductor and electric vehicle (EV) sectors. The company aims to build a project that enhances the supply chain link in these sectors, stated President and CEO Manabu Chikumoto.

The project, still in its planning phase, is contingent upon collaboration with partners and support from the Indian government, which is optimistic about boosting the domestic semiconductor industry. The exact location for this initiative is yet to be identified.

Having operated in West Bengal in the past, the company looks to draw upon its experience and focus on carbon-neutral and green technologies. Chikumoto highlighted the enduring value of plastics while emphasizing the need for recycling, given TCG’s ongoing operations in Haldia.