Vedanta-Foxconn JV to invest $20B in semiconductor and display fab in Maharashtra

Vedanta Group and Foxconn will jointly invest ₹1,66,800 crore (approx. $20.5 billion) to set up a semiconductor and display manufacturing unit in Talegaon, Maharashtra, on a 1,000-acre site. The project will be executed in three phases.

“Vedanta group and Foxconn will jointly invest in a semiconductor and display manufacturing unit at Talegaon, near Pune on a 1,000-acre parcel of land.”thehindubusinessline.com

• 2 sources
• thehindubusinessline.comVedanta Group Foxconn (JV) to invest in Maharashtra - The HinduBusinessLineBL Pune BureauJul 26, 2022
• newsbytesapp.comVedanta-Foxconn to invest $22bn in Maharashtra for semiconductor manufacturing facilityDwaipayan RoyJul 27, 2022

Summarized from public sources; check the original articles before acting on it.