Vedanta-Foxconn JV to set up semiconductor manufacturing facility in Gujarat
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Vedanta and Foxconn have inked a Memorandum of Understanding (MoU) with the Gujarat government to set up a semiconductor manufacturing facility in the state. The pact was signed in the presence of the Union Minister for Electronics & Information Technology, Ashwini Vaishnaw. The companies will invest Rs. 1.54 lakh crore in the project, and it would create one lakh job opportunities.