Vedanta to set up a semi conductors plant in India
World largest electronic manufacturing company Foxconn will set up a joint venture with Vedanta group, to set up a semiconductor manufacturing plant in India . Foxconn is a Taiwanese company.
Vedanta will hold the majority stake in the new company and Anil Aggarwal of Vedanta will be the chairman of the new company.
Vedanta is the first company to announce an investment in the semiconductor space after the government of India announced a production linked incentive scheme for semiconductor and display board production in the country.
The Government of India announced a production linked incentive scheme and committed Rs 76,000 crore for semiconductor production in the next 5-6 years.
The programme aims to incentivise companies/consortiums focused on Silicon Semiconductor Fabs, Display Fabs, Compound Semiconductors / Silicon Photonics / Sensors Fabs, Semiconductor Packaging, Semiconductor Design.
For detail about semiconductor policy kindly click on the link below
- It is a multinational company headquartered in London, England.
- Vedanta Limited is an Indian subsidiary of Vedanta Resources, which is the holding company of Vedanta Group.
- It is in the business of Zinc-Lead-Silver, Iron ore, Steel, Copper, Aluminum, Power, Oil and Gas.
- The Chairman of Vedanta group: Anil Aggarwal
Please Rate this article, so that we can improve the quality for you -