Gujarat is all set to get another greenfield city, a sibling of GIFT City, Dholera greenfield City. Recently, a joint venture (JV) between India’s Anil Agarwal-led Vedanta Limited and Taiwan-based electronic manufacturing giant Foxconn was announced, which will set up a semiconductor and display manufacturing facility in Gujarat’s Dholera Special Investment Region (SIR).

A Memorandum of Understanding (MoU) was signed between both industrial giants and the Gujarat government to invest a large amount of Rs 1,54,000 crores in September 2022, in the presence of Mr. Ashwini Vaishnaw, the Indian Minister of Railways, Communications, Electronics and Information Technology, making it independent India’s first-ever semiconductor manufacturing facility and the largest corporate investment ever.

Adding more to this information, one of the senior officials of the Gujarat government came forward and commented, “Based on a detailed site analysis by both the industries with the consultation of Gujarat government authorities, the billion-dollar joint venture, Vedanta and Foxconn selected Gujarat’s Dholera SIR as their base to set up their display manufacturing and semiconductor facility. The facility project has reached its advanced stage of evaluation by the Indian government.”

Read more at https://www.resmanagement.in/vedanta-foxconn-jv-to-launch-first-semiconductor-facility-in-dholera

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