A Vedanta Foxconn joint venture, IGSS Ventures and ISMC propose to set up electronic chip manufacturing plants with $13.6 billion investment and have sought support of $5.6 billion from the Centre under the Rs76,000 crore Semicon India Programme, a news release from the Ministry of Electronics and IT said. Vedanta and another company, Elest, have submitted applications for setting up display fab projects with an investment of $6.7 billion. The fiscal support sought from the government is nearly $2.7 billion.
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Sunday, February 20, 2022
Five companies submit proposals to set up semiconductor and display facilities
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