Google News
Today General Knowledge(GK)
Anil Aggarwal-led Vedanta Limited and Foxconn Group will invest over how many lakhs of crores to set up a semiconductor ecosystem in Gujarat?
Rs. 1.10 lakh crore
Rs. 1.23 lakh crore
Rs. 1.37 lakh crore
Rs. 1.54 lakh crore

Correct Answer : Option (D) - Rs. 1.54 lakh crore

The Anil Agarwal-led-Vedanta Limited and Foxconn Group will invest more than Rs 1.54 lakh crore to set up an semiconductor ecosystem in Gujarat.
The oil-to-metals conglomerate said Vedanta Displays Limited will set up a Display Fab Unit with an investment of Rs 94500 crore and Vedanta Semiconductors Limited will set up an integrated Semiconductor Fab Unit and OSAT (Outsourced Semiconductor Assembly and Test) facility with investment of Rs 60000 crore.
"Thus two MoUs, together, will bring in an investment of more than Rs 1.54 lakh crore and generate around 1 lakh new employment opportunities in the state," said the company in a statement.
Vedanta and Foxconn Group entered into two Memorandums of Understanding [MoUs] with the Government of Gujarat on September 13, 2022.  
The company said Vedanta and Taiwan-based Foxconn Group will work closely with the state government to establish high-tech clusters with requisite infrastructure, including land, semiconductor grade water, high quality power, logistics, and a skill ecosystem.
"It is a step in the right direction for Gujarat helping towards building a one trillion-dollar digital national economy," said Electronics and Information Technology minister Ashwini Vaishnaw..

Source : New Indian Express

Published On : September 14, 2022
Category : Business and Economics