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PM expresses optimism after Gujarat signs MoU with Vedanta-Foxconn Group

The Prime Minister, Narendra Modi has expressed optimism after Government of Gujarat signed an MoU of ₹ 1.54 lakh crore with Vedanta-Foxconn Group for the manufacture of semiconductor and display fab.

The Prime Minister also pointed out that the investment will create a significant impact to boost economy and jobs while also help in creating a huge ecosystem for ancillary industries and thereby helping our MSMEs.

Sharing a tweet by Chief Minister of Gujarat, Bhupendra Patel, the Prime Minister tweeted;

“This MoU is an important step accelerating India’s semi-conductor manufacturing ambitions. The investment of Rs 1.54 lakh crore will create a significant impact to boost economy and jobs. This will also create a huge ecosystem for ancillary industries and help our MSMEs.”

CT Bureau

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