Vedanta and Foxconn said they will invest over ₹1.54 lakh crore to set up a display fabrication and semiconductor manufacturing facility in Gujarat.
The mining giant will hold 60% stake in the joint venture while the Taiwanese chip maker will own the balance 40%. The JV became the fourth to announce plans under the ₹76,000-crore production-linked incentive (PLI) scheme to foster chip-making capabilities in the country.
CNBC-TV18 spoke to Anil Agarwal, Chairman of Vedanta Resources Limited, on the joint venture. Listen in.
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