- Despite Foxconn backing out of a joint venture with Vedanta, the company remains positive about launching a semiconductor and display fab project in India following government approval.
- Vedanta’s subsidiary, AvanStrate, with its patented technology, is set to join in on the venture aimed at making electronic devices more affordable.
- Although currently seeking a new partner for the prospective fabrication unit proposal, Vedanta may operate alone, but a technology partner will be required for project approval and incentives.
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