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"When a FAB unit is set up, equipment and machinery will come from multiple countries. This includes Advanced Materials from Europe. We have identified some land for ecosystem partners. We have the master plan ready with us," the official added.
Gujarat's new Electronics Policy of 2022 made a pledge to double employment opportunities from the previous policy introduced in 2016.
Mungantiwar & Samant met the Gujarat CM Bhupendra Patel and discussed various policies that can be emulated in Maharashtra
Rajeev Chandrasekhar, Union Minister of State for Electronics and Information Technology, said that the modifications in the semiconductor policy that was announced in December 2021, essentially point to a strategy where the government is harmonizing the incentive schemes across the various categories of semiconductor fabs, ATMP/OSAT and compound fabs.
The plant, comprising of a fab unit, a display fab unit and a semiconductor assembling and testing unit, will be set up in Ahmedabad district. Earlier this year Vedanta had entered into a JV with Foxconn.