PM expresses optimism after the Government of Gujarat signs an MoU of ₹ 1.54 lakh crore with Vedanta-Foxconn Group for manufacturing semiconductor and display fab

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PM expresses optimism after the Government of Gujarat signs an MoU of ₹ 1.54 lakh crore with Vedanta-Foxconn Group for manufacturing semiconductor and display fab

An investment of Rs 1.54 lakh crore will create a significant impact to boost the economy and jobs

By PIB Delhi

The Prime Minister, Shri Narendra Modi has expressed optimism after the 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 the economy and jobs while also helping in creating a huge ecosystem for ancillary industries and thereby helping our MSMEs.

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

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

About Post Author

Editor Desk

Antara Tripathy M.Sc., B.Ed. by qualification and bring 15 years of media reporting experience.. Coverred many illustarted events like, G20, ICC,MCCI,British High Commission, Bangladesh etc. She took over from the founder Editor of IBG NEWS Suman Munshi (15/Mar/2012- 09/Aug/2018 and October 2020 to 13 June 2023).
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