The government is considering giving conditional clearance to the Vedanta-Foxconn joint venture semiconductor fab plant. The nod is likely to come with some stiff riders.
“We are considering giving Vedanta-Foxconn conditional clearance and including various riders which they have to fulfill within the stipulated time, such as signing up binding agreements with partners and technology players,” said a government official.
The proposed Vedanta-Foxconn fab plant has come under close scrutiny with many saying that it has still not been able to tie up binding agreements with a manufacturing grade technology provider, one of the key conditions for clearance.
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