Mumbai, 26 July 2022: Chief Minister Eknath Shinde said today that Vedanta and Foxconn will be given full government support for proposed investments in Maharashtra to set up a semiconductor and display fabrication unit. A delegation of Vedanta Group and Foxconn Company met Chief Minister Eknath Shinde at the state secretariat, Mantralaya today.
On this occasion Deputy Chief Minister Devendra Fadnavis, Chief Secretary Manukumar Srivastava, Additional Chief Secretary (Industries) Baldev Singh, Chief Executive Officer of Maharashtra State Industrial Development Corporation Dr. P. Anbalgan, Industrial Development Commissioner Dr. Harshdeep Kamble, other officers of MIDC, as well as Abhishek Prasad of KPMG, Nitika Mehta, Amit Bhargava, Vector Chen, Eric Lin, PV Lin of Foxconn, Satesh Amberdar of Vedanta, Pranav Komerwar, Global MD of Avonstar Akash Hebbar was present.
Chief Minister Shinde further said that the state has the skilled manpower, infrastructure and technology required for the growth of the industry. In order to bring this industry to the state, the necessary cooperation from the central government will also be obtained. If this industry comes to the state, it will help in increasing the total gross income of the state by creating a large number of jobs.
Deputy Chief Minister Devendra Fadnavis said, it was his desire that this industry, which existed previously only in four countries, should come to Maharashtra. “This industry is important for the state. Full cooperation will be provided for the construction of the industry,” Fadnavis noted.
Anbalgan provided information regarding Vedanta Group’s investment in Maharashtra and regarding the role, Maharashtra will play in this regard.
Vedanta has partnered with Foxconn Company of Taiwan and through this, it is proposed to set up the project in Maharashtra in three phases. It will have display fabrication with an investment of Rs 1 lakh crore, semiconductors with an investment of Rs 63 thousand crores and a semiconductor assembly and testing facility worth Rs 3800 crore.