India's first semiconductor plant will be set up, do you know?

Foxconn and Vedanta will set up India's first semiconductor plant in Dholera, Gujarat, let's know...

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The joint venture between global mining giant Vedanta and electronics maker Foxconn has decided to set up its

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semiconductor and display manufacturing plant in the Dholera Special Investment Region in Gujarat, closer to the manufacturer.

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Gujarat Chief Minister Bhupendra Patel had said that the state government would provide assistance for the project and make it a success.

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The project is likely to get subsidies and incentives, which could include zero stamp duty on land purchase and concessional rates for power and water.

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Gujarat is the first state to have a separate policy for semiconductor and display fabrication industries.

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Under this policy, eligible projects will be given 75 percent subsidy on the initial 200 acres of land to be purchased for setting up the manufacturing unit.

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Foxconn, the largest contract manufacturer of iPhone-making American company Apple, sees a lot of potential in the

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semiconductors segment. Most of the semiconductor manufacturing companies are in Asia.

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