Earlier today, Foxconn and Vedanta Resources signed a memorandum of understanding (MoU) with the Indian state Gujarat for the construction of semiconductor and display production plants. The agreement is valued at INR 1.54 lakh crore ($19.5 billion) and is marked as the largest investment project in any Indian state to date.
Vedanta-Foxconn group MoU signing ceremony event
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It is estimated to create over 100,000 jobs near the city of Ahmedabad within two years. The move is expected to give India “seamless access” to chipset and display components. Vedanta Resources – the largest mining…
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