'1 लाख का लैपटॉप 40,000 हजार में बिकेगा', वेदांता चेयरमैन- भारत में सेमीकंडक्टर बनने से घटेंगे कई प्रोडक्ट के दाम

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Vedanta Chairman Announces about deal with Foxconn Taiwanese company, for production of glass display and semiconductor in India

Image Source- MoneyControl.com

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Vedanta and Taiwanese Foxconn, which held chats with the state to set up its new semiconductor plant, MoU with Gujarat government on Tuesday to locate its venture there.

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The organizations' discussions with the Maharashtra government were 'practically last' when its senior authorities met CM Eknath Shinde and Deputy Cheif Minister Devendra Fadnavis in July 2022.

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Officials from the state's Ventures office said the organization leaders had settled more than 1,000 acres of land in Talegaon Phase IV.

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Vedanta has collaborated with Foxconn through a 60:40 joint dare to set up a integrated display and semiconductor fabrication environment in India.

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Foxconn is known for making gathering units for electronic gadgets, including yet not restricted to cell phones.

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One of the objectives of the Project is to make India self sufficient in electronics hardware, through extension of its presence across the value chain.

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The undertaking was assessed to carry near Rs 26,200 crore SGST, 80,000 to 1,00,000 direct & Indirect openings, $21 billion direct and $5-8 billion investments, helping the state's GDP development

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Around 150+ organizations across the worth chain would have benefited, making 70,000 to 1,00,000 immediate and INDIRECT positions.

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Vedanta shares soar by over 13% on Wednesday after the organization reported to set up a semiconductor and glass display plant in Gujarat

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The Indian semiconductor market is supposed to develop at a sound CAGR of almost 19% to reach $64 billion of every 2026.

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