Vedanta Foxconn re-submit application to set up semiconductor plant

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Key Points

has re-submitted an application to set up an electronic chip manufacturing plant, the joint venture company said on Tuesday...

The company had earlier announced that the plant will be set up with an investment of around Rs 1.5 lakh crore and start making revenue by 2027...

Under the modified programme, the government has increased the fiscal incentive to 50 per cent of the project cost for setting up semiconductor Fabs in India of any node (including mature nodes)...

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