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Vedanta’s $20 Billion Manufacturing Play

With semiconductor shortages hitting diverse industries, there might be some solace close at hand in the years to come, as Vedanta is set to setup a semiconductor plant in Gujarat. ­is the first major step in its $20 billion joint venture with Taiwan’s Foxconn.

­The project will include display and semiconductor facilities near Ahmedabad. Vedanta had sought 1,000 acres (405 hectares) of land free of cost on a 99-year lease, and water and power at concessionary and fixed prices for 20 years from prospective states by way of incentives. Maharashtra, Telangana, and Karnataka had also been in the running to host Vedanta-Foxconn’s mega project before Gujarat landed the deal.

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