2
-
Did the Thackeray government make a mistake or is it negligence on the part of Shinde Fadnavis?
-
The biggest information about the Foxconn project is here
Mumbai. MahaeNews. Special Representative.
Mining major Vedanta and Taiwan’s electronic equipment major Foxconn have decided to start a project to manufacture semiconductors, which will now be implemented in Gujarat. The agreement for this was signed by Vijay Nehra, Secretary, Gujarat Science and Technology Department, on behalf of the Gujarat government on Tuesday. This project is a total investment of Rs 1.54 lakh crore. Maharashtra’s share has again been neglected due to Foxconn project going to Gujarat. There is a round of recriminations between the leaders of the Mahavikas Aghadi and the Shinde Fadnavis government over the Foxconn project. In this way the Foxconn project was going to be done in Maharashtra, then how come this project went to Gujarat? The answer to the question facing this country has come out. The information about the exact facilities provided by the Gujarat government to Vedanta Foxconn has also come to light.
Mining major Vedanta and Taiwan’s electronic equipment major Foxconn have decided to start a project to manufacture semiconductors, which will now be implemented in Gujarat. The agreement for this was signed by Vijay Nehra, Secretary, Gujarat Science and Technology Department, on behalf of the Gujarat government on Tuesday. This project is a total investment of Rs 1.54 lakh crore. Maharashtra is the first choice state for investors. Lakhs of youth in the state would get employment through this project. But as the project went to Gujarat, there has been disappointment for the state.
How did the Foxconn project go to Gujarat?
Why did Foxconn choose Gujarat for the project instead of Maharashtra? The opposition party has been asking the Shinde-Fadnavis government since yesterday. The answer to this question has been revealed. As Gujarat is the only state with semi-conduction policy, Foxconn chose Gujarat for the project, company officials said.
Gujarat Government made Semi Conduction Policy, the only state in the country to make such a policy. State Electric Mission was established to attract investment under these policies. The facilities to be provided to the companies under this mission were approved in the budget session. Gujarat government was ready for investment since last February. Because of this policy, companies making semi conductors approached the Gujarat government. The last meeting was held with the Chief Minister of Gujarat before the formation of the Shinde government. The formal process of signing the MoU took place yesterday.
What did Maharashtra give to Vedanta Foxconn?
Maha Vikas Aghadi government had given a concession of 39 thousand crores to Vedanta-Foxconn. Supply of 80 million liters of water per day for 20 years, 5 percent discount in stamp duty was given. 7.5 percent discount in electricity tariff for 10 years, 400 acres of land in Talegaon was given free. Also, 700 acres of land was given at 75 percent rate. An uninterrupted supply of 1200 MW was provided for 20 years at a rate of Rs 3 per unit. A rebate of Rs 337 crore was given in water drainage, a rebate of Rs 812 crore was given on solid waste processing.
Anil Agarwal, President of ‘Vedant’ said…
This project will be built on a thousand acre land in Ahmedabad district. For this, the investment of ‘Vedant’ will be 60 percent, while the investment of ‘Foxcon’ will be 40 percent. Anil Agarwal, president of Vedanta, said that the actual production of semiconductors will start in the next two years from this project. He was speaking after signing an agreement with the Gujarat government. Last year there was a huge shortage of semiconductors in the country. The automobile industry was hit hard by this. Semiconductors are imported from China and Taiwan. In order to reduce the dependence on these two countries, it is necessary to produce semiconductors in the country. For this, the central government had brought a financial relief scheme. A Product Linked Licensing Scheme (PLI) was also introduced in this. Taking advantage of this, Vedanta-Foxconn has made a joint application to produce semiconductors.
