Vedanta and electronics manufacturing giant Foxconn have signed a Memorandum of Understanding (MoU) with the Gujarat government to set up a semiconductor and display FAB manufacturing unit in the state. Both the companies would invest Rs 1,54,000 crore to set up the facility in Gujarat, which would create one lakh job opportunities.
Vedanta is a diversified natural resources company, whose business primarily involves producing oil and gas, zinc- lead-silver, copper, iron ore, aluminium and commercial power.
