CURRENT AFFAIRS

Detailed explanation-1: -Centre on Wednesday confirmed that Vedanta and Foxconn have finalised Dholera Industrial City, Gujarat as the location for their proposal for setting up of semiconductor Fabs in India.

Detailed explanation-2: -India has become the go-to destination for many investors-and that’s partly because it’s doing better than many of its peers in a time of economic volatility, economists and analysts say.

Detailed explanation-3: -As a result, Foxconn and Vedanta will be setting up a semiconductor fab unit, a display fab unit, and a semiconductor assembling and testing unit on a 1000-acre land in Gujarat’s capital Ahmedabad. With an investment of ₹1.54 lakh crore, the production will begin two years from now.