Vedanta-FOXCONN Semiconductor Plant

New Delhi: Vedanta Semiconductors Ltd., a Joint Venture between Vedanta and Foxconn is an applicant under the Scheme for setting up of semiconductor Fabs in India. As per their application, Telangana, Gujarat and Maharashtra, were proposed as possible locations. However, the applicants in their final submissions have informed that they had decided Dholera Industrial City, Gujarat as final location for their proposal, and have submitted definitive agreement and Government orders from the Government of Gujarat stating the details of support from the State.

The Schemes under Programme for Development of Semiconductor and Display Ecosystem in India are Central Government Schemes. Any eligible applicant may submit the application for setting up of semiconductor Fab in any State/ UT in India. Finalization of location is between State Government and applicant based on infrastructure requirements like availability of land, water, power etc., and fiscal support offered by the State Government.

Under Modified Electronics Manufacturing Clusters (EMC 2.0) scheme, Government has accorded approval to M/s. Maharashtra Industrial Development Corporation (MIDC) on 31stOctober, 2022 for establishment of an Electronics Manufacturing Cluster (EMC) over an area of 297.11 acres at Ranjangaon Industrial area (Phase-III), Pune, Maharashtra with a project cost of INR 492.85 Crore including Central Grant-in-aid of INR 207.98 Crore to address the industrial infrastructure requirement of electronics industry in the region. This EMC is projected to attract an investment of about INR 2,000 Crore and having potential to generate over 5,000 employment opportunities in coming years after fully operationalized.