Vedanta, Foxconn enter JV for semiconductor project

01 Oct 2022

Vedanta has selected Gujarat for its semiconductor project. This is the first major step in its $20 bn JV with Taiwan's Foxconn. Vedanta obtained financial and non-financial subsidies including capital expenditure and cheap electricity from Gujarat. The project will include display and semiconductor facilities near Ahmedabad. While lobbying for incentives, Vedanta sought 1,000 acre free of cost on a 99-year lease, and water and power at concessionary and fixed prices for 20 years.

Contact: Vedanta


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