Gujarat chosen for Rs 1.5-trn project based on professional advice: Vedanta ...Middle East

Business Standard - Economy
source : Business Standard ( Middle East ) () 19
As a political storm brewed over his group shifting a multi-billion dollar semiconductor factory from Maharashtra to Gujarat, mining baron Anil Agarwal said the site was chosen based on professional and independent advice. Seeking to soothe flared political nerves, he said his mining group Vedanta is committed to investing in Maharashtra as well. Originally, Vedanta and its partner Foxconn were looking at Maharashtra for setting up the chip factory but on September 13 signed a memorandum of understanding (MoU) with the Gujarat government for investing Rs 1.52 lakh crore in the unit. "Vedanta-Foxconn has been professionally assessing the site for a multi-billion dollar investment. This is a s

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