# 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.

- Type: New facility
- Announced: 2022-07-26
- Where: Talegaon, near Pune, Maharashtra, India
- Value: $20.5B (166.8B INR)
- Jobs: 200,000
- Status: announced
- Products: semiconductors, display panels
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Vedanta](https://endata.com/companies/10003.md)
- [Foxconn](https://endata.com/companies/15170.md) (partner)

## Sources

- [thehindubusinessline.com](https://www.thehindubusinessline.com/companies/vedanta-group-foxconn-jv-to-invest-in-maharashtra/article65685653.ece), 2022-07-26: "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."
- [newsbytesapp.com](https://www.newsbytesapp.com/news/business/vedanta-foxconn-joint-venture-s-investment-in-maharashtra-finalized/story), 2022-07-27: "With a high concentration of skilled manpower, connectivity to the port, seamless domestic supply-chain, and highly developed industrial infrastructure, Talegaon in Pune has emerged as a prominent option."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.