Gujarat is holding talks with Foxconn over a semiconductor plant, days after the Taiwanese giant broke off a $19.5 billion joint-venture plan with India’s Vedanta.
“We are in touch with multiple prospective investors, including Foxconn. Gujarat is uniquely positioned to attract top chipmakers,” said Vijay Nehra, secretary of the science and technology department in Gujarat.
Foxconn this week exited its project with Vedanta, which was also planned for Gujarat, citing issues such as slow progress
The breakup of the JV was a setback to establish India as a semiconductor manufacturing hub. However, Foxconn said later it would apply for India chip incentives on its own and was exploring new partners.