Inox Air Products is planning to invest ~US$35-60mm in ultra-high purification facilities and supply chains for essential gases, including helium, required for semiconductor fabrication, in India. This move aims to address the shortage of pure gases and aligns with the country's semiconductor manufacturing ambitions. The company is also planning collaborations in the semiconductor industry, and it is part of a larger capital expenditure plan for expanding its manufacturing capacity, including serving solar cell manufacturers like the Adani Group. This is comes after Micron’s US$825mm investment for its Indian semiconductor facility, displaying the potential for helium demand growth in India.
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