MELSS forms JV with Valtech for semiconductor specialty chemicals
MELSS has formed a joint venture with US-based Valtech to manufacture specialty chemicals used in semiconductor production.
The partnership is aimed at localising critical inputs required for semiconductor fabrication, reducing reliance on imports.
Specialty chemicals are a key component of the semiconductor value chain, particularly in advanced manufacturing processes.
The JV aligns with India’s broader push to develop a domestic semiconductor ecosystem.
It also signals increasing collaboration between Indian and global firms in high-technology sectors.