Dholera: Vedanta-Foxconn selects Dholera SIR for first semiconductor facility in India - Times of India
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NEW DELHI: In a first, Vedanta and electronics manufacturing firm Foxconn on Monday unveiled their plan to set up a semiconductor and display manufacturing facility in Ahmedabad, news agency PTI reported quoting sources. This will be the first manufacturing facility for semiconductors in India. The joint venture had last year signed a memorandum of understanding (MoU) with the Gujarat government to invest Rs 1,54,000 crore to set up the plant in the state. The deal was biggest ever corporate investment in the history of independent India. "After a detailed site analysis in consultation with Gujarat government authorities, the joint venture entity of Vedanta and Foxconn has selected Dholera SIR for setting up their semiconductor and display manufacturing facility. The project is in the advanced stage of evaluation by the government of India," the official told PTI. The facility that will be set up in Gujarat is expected to create 1 lakh job opportunities, Gujar...