Vedanta-Foxconn JV choose Dholera SIR for India's first semiconductor facility
Anil Agarwal-led Vedanta and manufacturing behemoth Foxconn announced their joint venture’s plans to build a semiconductor and display manufacturing facility in Gujarat’s Dholera Special Investment Zone.
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According to the “Gujarat Semiconductor Strategy 2022-27” issued by the state government in July of last year, this project is set to receive significant subsidies and incentives, including no stamp duty on land purchases and discounted water and energy.
According to this programme, qualified projects will receive a 75% subsidy on the first 200 acres of land they purchase for the construction of manufacturing facilities. For the first five years, the eligible projects will receive high-quality water at a cost of 12 per cubic metre. The state government has also said that it will give back 100% of the stamp duty that investors first pay when acquiring land through a lease, sale, or land transfer.
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