Vedanta-Foxconn Semiconductor Plant Site In Gujarat Is Expected To Be Completed In Two Weeks

According to Gujarat Science and Technology Department Secretary Vijay Nehra, Vedanta and Foxconn have hired experts to evaluate potential locations for their upcoming semiconductor plant in Gujarat, and a site could be finalized in the next few weeks. According to Nehra, the joint venture company has not yet finalized the location because they are evaluating various sites in Gujarat based on technical aspects, commercial viability, and connectivity to set up the semiconductor and display fabrication unit in the state.

In the largest corporate investment in independent India's history, a joint venture of Vedanta and Foxconn signed a Memorandum of Understanding (MoU) with the Gujarat government on September 14 to invest Rs. 1,54,000 crore in the state's plant. Nehra signed the Memorandum of Understanding on behalf of the state government.

"Vedanta and Foxconn have hired sector experts who are evaluating possible sites for the upcoming plant in Gujarat. Earlier they were evaluating multiple sites across different countries. In December 2021, when the Centre had announced the 'India Semiconductor Mission', they started looking for sites across different states in India (and then selected Gujarat), "Nehra stated.

The promoters are now evaluating sites in Gujarat based on various technical aspects, commercial viability, connectivity, and utility, according to Nehra, who added that the site could be finalised within the next few weeks.

"There are many minute things which need to be kept in mind while selecting the site. For example, the production process can get affected due to the vibrations of passing trains. There must not be any vibrations near the plant. Power outage of even one second in a year can result in a loss of crores of rupees," He stated.