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Vedanta-Foxconn plant site in Gujarat to be finalised soon

Monday, 19 Sep 2022
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Vedanta and Foxconn have hired experts for evaluating possible locations for their upcoming semiconductor plant in Gujarat. It may be finalised in the next couple of weeks. 
So far, the joint venture has not finalised the location as they are evaluating various sites in Gujarat based on technical aspects, commercial viability and connectivity to set up the semiconductor and a display fabrication unit in the state. 
The Vedanta and Foxconn joint venture had on 14 September 2022 signed a memorandum of understanding (MoU) with government Gujarat to invest Rs 1,54,000 crore to set up the plant. 
The project is likely to get huge subsidies and incentives, like zero stamp duty on land purchase and subsidised water and electricity, under the 'Gujarat Semiconductor Policy 2022-27' announced by the state government in July 2022.
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