Foxconn-Vedanta to Open India’s First Semiconductor Facility in Dholera
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A joint venture of Indian conglomerate Vedanta and electronics manufacturing huge Foxconn has finalised the Dholera Exclusive Investment Region around Ahmedabad town of Gujarat for placing up their semiconductor and display producing facility, a senior condition govt official explained on Monday.
In the most significant ever company expenditure in the record of unbiased India, a joint enterprise of Vedanta and Foxconn in September previous calendar year signed a Memorandum of Knowing (MoU) with the Gujarat federal government to make investments Rs. 1,54,000 crore to set up the plant in the point out. This will be the initially manufacturing facility for semiconductors in India.
At that time, the joint enterprise corporation had not disclosed the specific site of the facility.
“Just after a in-depth internet site investigation in session with Gujarat governing administration authorities, the joint undertaking entity of Vedanta and Foxconn has chosen Dholera SIR for environment up their semiconductor and display producing facility. The project is in the advanced stage of evaluation by the federal government of India,” the official claimed.
The MoU was signed in September last year in Gandhinagar in the presence of Minister for Railways, Communications, Electronics and Information Know-how, Ashwini Vaishnaw.
Both equally the organizations would spend Rs. 1,54,000 crore to established up the facility in Gujarat, which would create a single lakh position alternatives, Gujarat Chief Minister Bhupendra Patel had stated on the situation. Patel experienced also claimed his federal government will offer cooperation to set up the facility and to make it a success.
Notably, Key Minister Narendra Modi, even though addressing a poll rally in Bhavnagar in November in advance of the Assembly polls, had supplied obvious sign that the mega semiconductor plant will come up at Dholera SIR, nearly 100 km from Ahmedabad.
This challenge is likely to get big subsidies and incentives, like zero stamp obligation on land obtain and subsidised drinking water and electricity, under the ‘Gujarat Semiconductor Plan 2022-27’ declared by the state govt in July last yr.
Gujarat turned the 1st condition in the nation to have these kinds of a devoted coverage for the semiconductor and display screen fabrication sector, a government official earlier mentioned.
Beneath this policy, qualified initiatives will be given 75 per cent subsidy on the obtain of the initially 200 acres of land for setting up producing models. The suitable tasks will be offered great excellent h2o at the level of Rs. 12 per cubic metre for the initially 5 several years.
To stimulate investors beneath the coverage, the state federal government has also introduced to reimburse 100 % of stamp duty which buyers would pay for the to start with time for getting land on lease, sale or on land transfer.
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Resource website link India is set to open its first chip-making facility in a major milestone for the semiconductor industry, with the partnership of Foxconn-Vedanta moving forward with plans to set up a new facility in the state of Gujarat, near the city of Dholera.
The move marks the first time that India, which is the world’s second-largest smartphone market, will have its own semiconductor production facility. Foxconn-Vedanta will invest an estimated $1.4 billion to develop the facility, located in the Dholera Special Investment Region (SIR) located 130 km from Ahmadabad. The new plant will be the largest chip-manufacturing plant in all of South Asia, covering 2,101 hectares of land with a potential to house over 50,000 employees.
The move to set up the new facility is part of the larger push by the Indian government to promote the indigenization of the semiconductor industry and bring in foreign investments from technology-focused companies like Foxconn-Vedanta. The two companies will be responsible for the construction of the facility, which will have the capability to produce both micron and nanochip sets used in various consumer electronics.
The announcement of the project comes at an important time, as India has come under fire in recent years for its lack of advanced semiconductor manufacturing capabilities. The facility is expected to help bridge the gap and make India more competitive in the global semiconductor market. The government has also expressed its commitment to the development of the project, pledging to provide Foxconn-Vedanta with a host of incentives to make the project a success.
The new facility will include cutting-edge technology, such as extreme ultraviolet (EUV) lithography and advanced packaging, which is expected to provide a major boost to the semiconductor industry in India. It will also open up new opportunities for innovation and jobs in the region, which in turn will help to drive greater economic growth and development.
The new facility is thought to be a major step forward in India’s aim to become self-reliant in terms of its semiconductor production capabilities, helping to reduce its reliance on imported chipsets. Foxconn-Vedanta are confident that their new facility will be successful and help to establish India as a global leader in the semiconductor industry.
