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Vedanta-Foxconn partnership has signed two Memorandum of Understanding (MoU) with the Gujarat Government to set up display and semiconductor production plants in the state. The companies aim to invest $19.5 billion (roughly Rs. 1,54,350 crore) under the joint partnership. According to Foxconn and Vedanta, the new plants under the joint venture will create more than 1,00,000 jobs in Gujarat. The companies plan to start manufacturing display and chip products within the next two years. It is to be noted that Gujarat defeated Maharashtra in a close race to win the plant location. About NDTV: NDTV brings you unbiased and comprehensive coverage of news and entertainment programmes in India and abroad. NDTV delivers reliable information across all platforms: TV, Internet and Mobile. Follow us on Social Media: Like us on Facebook: / ndtv Follow us on Twitter: / ndtv Follow us on Koo: https://www.kooapp.com/profile/ndtv Follow us on Instagram: / ndtv Join NDTV on Telegram Messenger: https://t.me/NDTVbot/?start=hi Follow us on Google News for Breaking and Latest News Updates: NDTV: https://bit.ly/3e5ngbP NDTV India (Hindi News): https://bit.ly/3mNVwMY Download NDTV Mobile Apps: http://www.ndtv.com/page/apps #VedantaLtd #Taiwan'sFoxconn #TheNews