India first semi-conductor plant: Dholera Special Investment Region close to Ahmedabad has been finalised by Foxconn and Indian conglomerate Vedanta to arrange their semiconductor and show manufacturing plant, a senior authorities official mentioned.
Vedanta and Foxconn in September 2022 signed a Memorandum of Understanding (MoU) with the Gujarat authorities to take a position Rs 1,54,000 crore in the state.
Once established, it will likely be India’s first semi-conductor manufacturing plant.
“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,” PTI quoted an official.
Vedanta and Foxconn had signed the MoU in Gandhinagar in the presence of Minister for Railways, Communications, Electronics & Information Technology, Ashwini Vaishnaw final 12 months.
Under the ‘Gujarat Semiconductor Policy 2022-27’, the undertaking will get numerous subsidies and incentives, like zero stamp responsibility on land buy and subsidised water and electrical energy.
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