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Vedanta has picked Gujarat to set up a semiconductor plant under its $20-billion joint venture with Taiwan's Foxconn, Reuters reported. Vedanta reportedly obtained financial and non-financial subsidies, including cheap electricity, from Gujarat to build the semiconductor plants. Vedanta had sought 1,000 acres of land free-of-cost on a 99-year lease while lobbying for incentives with states.
short by Ashley Paul / 05:54 pm on 12 Sep
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