Maharashtra Selected For Vedanta-Foxconn Project Worth $20 Billion

State Ministers thanked the PM and Central Govt.

Maharashtra Govt. thanked Central Govt. Vedanta for selecting the state for a “Vedanta-Foxconn affiliate project”, in a raging fight over Gujarat grabbing a $20 billion project that Maharashtra had campaigned for.

Earlier this morning, Maharashtra Industry Minister Uday Samant tweeted, “Kudos to Anil Agarwal, President of Vedanta for deciding to select Maharashtra for the Vedanta-Foxconn affiliate project. The coalition government is determined to attract massive investment in Maharashtra and eliminate unemployment in the state."

On Wednesday, Minister Samant had revealed that in a phone call with Maharashtra Chief Minister Eknath Shinde, Prime Minister Narendra Modi had assured a similar project, or a better one, to Maharashtra.

While doing a series of tweets, Vedanta chief Anil Agarwal said his company would soon involve Maharashtra in “our forward integration”.

Further, Mr. Agarwal tweeted, "Our investments in semiconductor and display glass production will create an ecosystem of industries across the country. We are committed to investing in Maharashtra. We will soon create a hub where Maharashtra will be part of our forward integration."

“We, at Vedanta-Foxconn, have been assessing the sites and engaging in dialogue with state governments for the last two years, and hope to continue these conversations for the growth of our country in years to come,” he added.

According to the officials, the company will create a hub in Maharashtra to manufacture iPhones and other television equipment, Mr. Agarwal has said, adding that this would be a "kind of forward integration for the Gujarat JV plant".

Ahead of the political clash on Vedanta-Foxconn finalising with the Gujarat government a $20 billion project to set up a semiconductor manufacturing and display fabrication plant. Maharashtra had been lobbying for seven years for the project.