Nagpur: Maharashtra minister Uday Samant addressing a press conference said the Eknath Shinde-led Shiv Sena- BJP government had offered Rs 39,000 crore incentives to Vedanta-Foxconn for setting up semiconductor manufacturing project, which was Rs 10,000 crore more than what was offered by Gujarat. Samant said the Maharashtra government has kept 2,000 acres land ready for any semiconductor manufacturer wishing to set up a plant in Maharashtra State.Read More

Gandhinagar: Taiwan's Foxconn withdrew its $19.5 billion joint venture with Vedanta Ltd on Monday, which aimed to manufacture semiconductors in India. Today, the chipmaker released a statement stating that the company is working towards another program for the Semiconductors and Display Fab Ecosystem and is looking for optimal partners. Here is what Foxconn said: Why did Foxconn and Vedanta part ways? Both parties mutually agreed to part ways. This is not a negative. There was recogniti...Read More

Gandhinagar: Taiwan's Foxconn announced on Monday that it is withdrawing from its joint venture with Vedanta Ltd, which aimed to manufacture semiconductors in India. The company released a statement confirming its withdrawal from the $19.5 billion joint venture with Indian metals-to-oil conglomerate Vedanta. Last year, Foxconn and Vedanta entered into an agreement to establish semiconductor and display production facilities in Gujarat. However, today Foxconn decided to pull out from the proje...Read More

Dholera: The Vedanta Group is planning to start building its Rs 1.5 lakh crore semiconductor plant by the fourth quarter of this year, and the company expects to generate revenue through electronic chip production by 2027. According to the CEO of Vedanta-Foxconn Semiconductors Limited, David Reed, the group has already submitted all technology tie-ups to the government, and the banks have provided funding in the ratio of 70 to 30, after subsidies were applied. Reed added that the initial p...Read More

New Delhi: Minister of State for Electronics and Information Technology, Rajeev Chandrasekhar in a written reply to a question in Lok Sabha today laid down the list of incentives offered to Vedanta-Foxconn by the Government of Gujarat. Vedanta Semiconductors Ltd., a Joint Venture between Vedanta and Foxconn is an applicant under the Scheme for setting up of semiconductor Fabs in India. As per their application, Telangana, Gujarat and Maharashtra, were proposed as possible locations. However, th...Read More

Gandhinagar: Anil Agarwal, Vedanta Resources Chairman in an interview to Mint Editor Sruthijith KK explained why the company choose Gujarat over Maharashtra for upcoming ₹1.5-lakh crore semiconductor and display fabrication project. After the recent controversy between Maharashtra and Gujarat over the Foxconn semiconductor plant, Agarwal asked people to not make it a political issue. He was speaking at Hindustan Times Leadership Summit on Saturday. Agarwal said that "India is one and le...Read More

Gandhinagar , DeshGujarat: On February 1, 2022, the Union Finance Minister Nirmala Sitharaman in her budget speech, listed out a few Sunrise Opportunities emerging in India. The sectors included semiconductor and its eco-system among others that would provide employment opportunities for youth, and make Indian industry more efficient and competitive globally. These sectors, as stated by the Finance Minister, possess the potential to assist a sustainable development at scale and modernize the ...Read More

¤ સેમીકન્ડક્ટર નિર્માણ ક્ષેત્રે દેશના કોઇ રાજ્યમાં કરવામાં આવેલું અત્યાર સુધીનું સૌથી મોટું રોકાણ ગુજરાતમાં થશે ¤ વેદાંતા-ફોક્સકોન ગ્રુપ ના આ MoU ના પરિણામે રાજ્યમાં ૧ લાખ જેટલા યુવાઓને રો...Read More

Gandhinagar: The Government of Gujarat today signed a Memorandum of Understanding (MoU) for setting up a Semiconductor and Display FAB unit in the State. The MoU was signed in the presence of Gujarat Chief Minister Bhupendra Patel, union Railway Minister Ashwini Vaishnav, Vedanta group chairman Anil Agarwal, Mr. Brian - the Vice President of Foxconn group, Akarsh Hebbar - promoter of Vedanta group among others.  The event was organized at Leela hotel in State capital Gandhinagar on the occasion...Read More