'Have to create another Taiwan in India': Vedanta to finalise $20 billion chip unit site by next month
Vedanta has roped in Taiwan’s Foxconn as a partner to set up a semiconductor manufacturing facility in India
Vedanta will finalize a location for its $20 billion semiconductor and display plants in India by next month and expects to roll out the first chip product in two years, its chairman Anil Agarwal said. The oil-to-metals conglomerate is in talks with several Indian states on the unit's location. Vedanta has a total planned investment outlay of $20 billion for two separate units for chip and display manufacturing.