Vedanta, Foxconn sign MoU with Gujarat govt to set up semiconductor unit in the state

New Delhi: Indian conglomerate Vedanta and electronics manufacturing giant Foxconn today signed a Memorandum of Understanding with the Gujarat government to set up a semiconductor and display FAB manufacturing unit in the state.

The MoU was signed at a function held in Gandhinagar in the presence of Minister for Railways, Communications, Electronics & Information Technology, Ashwini Vaishnaw.

On the occasion, Gujarat Chief Minister Bhupendra Patel said that both Vedanta and Foxconn would invest Rs 1,54,000 crore to set up the facility in Gujarat, which would create one lakh job opportunities.

Chief Minister Bhupendra Patel also said that his government will provide cooperation to set up the facility and to make it a success.