Vedanta Foxconn re-submit application to set up semiconductor plant
Vedanta Foxconn JV has resubmitted an application to invest Rs 1.5 lakh crore to set up a fab facility for creating electronic chips in India. This plant will start generating revenue in 2027. The Indian government has increased the fiscal incentives up to 50% of the project cost to build semiconductor fabs or display fabs of relevant technologies in the country.
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