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Vedanta awaits government permission for semiconductor plant, here what’s the company has to say

Vedanta is awaiting government approval for incentives related to a new semiconductor production plan located in Gujarat. An announcement for technology and equity partners involved in the project is expected soon, following successful engagement with over 100 suppliers and ancillary industries. Foxconn withdrew from its $19.5bn joint venture with Vedanta to invest in semiconductors and displays in India. Vedanta now has full ownership of the joint venture and is set to become the first company in India to provide comprehensive services in semiconductor and display fabrication.Vedanta awaits government permission for semiconductor plant, here what’s the company has to sayVedanta is awaiting government approval for incentives related to a new semiconductor production plan located in Gujarat. An announcement for technology and equity partners involved in the project is expected soon, following successful engagement with over 100 suppliers and ancillary industries. Foxconn withdrew from its $19.5bn joint venture with Vedanta to invest in semiconductors and displays in India. Vedanta now has full ownership of the joint venture and is set to become the first company in India to provide comprehensive services in semiconductor and display fabrication.Vedanta is awaiting government approval for incentives related to a new semiconductor production plan located in Gujarat. An announcement for technology and equity partners involved in the project is expected soon, following successful engagement with over 100 suppliers and ancillary industries. Foxconn withdrew from its $19.5bn joint venture with Vedanta to invest in semiconductors and displays in India. Vedanta now has full ownership of the joint venture and is set to become the first company in India to provide comprehensive services in semiconductor and display fabrication.

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