Gujarat will become the hub of semi conductor, the first plant in India will be set up in Dholera SIR

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A joint venture between Indian conglomerate Vedanta and electronics giant Foxconn will set up a semiconductor and display manufacturing unit at the Dholera Special Investment Region (SIR) near Ahmedabad in Gujarat. A senior state official gave this information on Monday.

The joint venture of Vedanta and Foxconn had last year signed a memorandum of understanding (MoU) worth Rs 1,54,000 crore with the state government to set up a plant in Gujarat. It is considered to be the biggest corporate investment of independent India. This will be the first semiconductor manufacturing unit in India.

The joint venture had not disclosed the location of the plant earlier. The MoU was signed in Gandhinagar in September last year in the presence of Railways, Communications, Electronics and Information Technology Minister Ashwini Vaishnav. On this occasion, Chief Minister Bhupendra Patel had said that this plant would create one lakh jobs in the state.

He had also said that his government would extend all help to set up and make this plant a success. It is noteworthy that Prime Minister Narendra Modi while addressing a public meeting in Bhavnagar in November before the assembly elections in the state had indicated that the semiconductor plant would be set up in Dholera SIR.

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