Maharashtra had offered Rs 39,000 cr incentives to Foxconn: Samant

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Addressing a press conference here, Samant said that if Foxconn or any other semiconductor maker wants to set up a plant in Maharashtra, the government has arranged 2,000 acres of land for the purpose.

Nagpur. Maharashtra minister Uday Samant on Wednesday said the Eknath Shinde-led state government had offered incentives worth Rs 39,000 crore to Vedanta-Foxconn for its semiconductor manufacturing project, Rs 10,000 crore more than the one offered by neighboring Gujarat. is more. Addressing a press conference here, Samant said that if Foxconn or any other semiconductor maker wants to set up a plant in Maharashtra, the government has arranged 2,000 acres of land for the purpose.

Vedanta-Foxconn had in September last year decided to shift its proposed semiconductor plant from Maharashtra to Gujarat, triggering a political slugfest between the Shinde government and the opposition Maha Vikas Aghadi (MVA). Taiwanese electronics maker Foxconn on Monday announced its exit from its semiconductor joint venture with Vedanta. Foxconn had said it was pulling out of its $19.5 billion joint venture with mining tycoon Anil Agarwal-led Vedanta Ltd.

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