To create a robust manufacturing base in India, The Gujarat government has partnered with Vedanta and Foxconn aiming for an investment of Rs 1.54 lakh crore to achieve self-reliance in the field of semi-conductor manufacturing.
In the presence of Chief Minister Bhupendra Patel and Union Minister for Electronics and Information Technology Ashwini Vaishnaw, a Memorandum of understanding (MOUs) was signed with the state government for setting up the semiconductor plant.
Chief Minister Patel welcomed the mega-investment, saying it has come on a day when his government completes a year in power. He further said that it is a testimony to the policy stability and policy support coupled with good governance and excellent infrastructure facilities existing in Gujarat.
