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.”
