India's first semiconductor manufacturing unit to be built in Gujarat's Dholera

Daily Current Affairs / India's first semiconductor manufacturing unit to be built in Gujarat's Dholera

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Category : Science and Tech Published on: February 23 2023

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The Vedanta group and the Foxconn of Taiwan join together to build India’s first semiconductor manufacturing unit in Dholera of Gujarat.
Under the Gujarat Semiconductor Policy 2022-27 the plant is being constructed and the MoU to construct the semiconductor plant was signed in 2022.
The Vedanata-Foxconn’s semiconductor manufacturing facility 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.’
Gujarat, with its semiconductor policy, had become the first Indian state to have such a dedicated policy for the semiconductor and display fabrication sector.