Sign In
Learn bits
Science & Tech., Schemes & Policies
Mahesh

21/02/23 21:34 PM IST

Vedanta-Foxconn selects Dholera SIR for first semiconductor facility in India

In News
  • The Vedanta group and the Foxconn of Taiwan have come together to build the first semiconductor manufacturing unit in Dholera of Gujarat.
Semiconductor plant
  • The semiconductor plant will be built in the Dholera Special Investment Region in Ahmedabad.
  • It is a greenfield industrial city. The Dholera Special Investment Region Development Authority handles the land and the projects.
  • The project was started by PM Modi when he was the CM of Gujarat.
  • This will be the first manufacturing facility for semiconductors in India.
  • Both the companies would invest Rs 1,54,000 crore to set up the facility in Gujarat, which would create one lakh job opportunities.
  • This project is likely to get huge subsidies and incentives, like zero stamp duty on land purchase and subsidised water and electricity, under the 'Gujarat Semiconductor Policy 2022-27.
  • Under this policy, eligible projects will be given 75 per cent subsidy on the purchase of the first 200 acres of land for setting up manufacturing units.
  • The eligible projects will be provided good quality water at the rate of Rs 12 per cubic metre for the first five years.
Source- Business Standard

More Related Current Affairs View All

16 Jan

INS Surat, INS Nilgiri and INS Vaghsheer commissioned

'PM Modi dedicated three frontline naval combatants to the nation on their commissioning.' The naval combatants – INS Surat, INS Nilgiri and INS Vaghsheer --were commissio

Read More

15 Jan

Meta shutting down fact-checkers

'Meta CEO Mark Zuckerberg said the company will get rid of fact-checkers and simplify content policies by removing restrictions on topics as it is “out of touch with mainstre

Read More

15 Jan

Mission Mausam

'Prime Minister Narendra Modi launched  ‘Mission Mausam’, a groundbreaking initiative aimed at making India a weather-ready and climate-smart nation, as part of th

Read More

India’s First Ai-Driven Magazine Generator

Generate Your Custom Current Affairs Magazine using our AI in just 3 steps