PM Expresses Optimism after Govt of Gujarat Signs an MoU of ₹ 1.54 lakh crore with Vedanta-Foxconn Group for the Manufacture of Semiconductor and Display Fab

· Investment of Rs 1.54 lakh crore will create a significant impact to boost economy and jobs

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, Shri 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.”