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Monday, February 26, 2024

Chip plant in Gujarat to create 1 lakh jobs


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New Delhi: The Rs 1.54 lakh crore Vedanta-Foxconn semiconductor plant in Gujarat will reduce electronics imports and provide 1 lakh direct skilled jobs, Vedanta Chairman Anil Agarwal said on Tuesday.

Vedanta has chosen Gujarat to set up the mega chip-making plant.

“Happy to announce that the new Vedanta-Foxconn semiconductor plant will be set up in Gujarat. Vedanta’s landmark investment of Rs 1.54 lakh crores will help make India’s Atmanirbhar Silicon Valley a reality,” Agarwal said in a tweet.

The businessman said the proposed project will help fulfill Prime Minister Narendra Modi’s vision of creating a robust manufacturing base in India.

“It will reduce our electronics imports and provide 1 lakh direct skilled jobs to our people… going from job seekers to job creators!” he said.

He further said that India’s own Silicon Valley is a step closer now.

“India will fulfil the digital needs of not just her people, but also those from across the seas. The journey from being a chip taker to a chip maker has officially begun,” Agarwal said.

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