India's Vedanta set to choose site for $20bn tech hub with Foxconn

Country pushing to develop local supply chains for chips, other components

20220808 Foxconn and Vedanta

Vedanta is teaming up with Taiwan's Foxconn as India pushes for stronger supply chains. (Source photos by AP and courtesy of Vedanta) 

DEV CHATTERJEE, Contributing writer

MUMBAI -- Indian metals conglomerate Vedanta is close to selecting a site for a mammoth $20 billion tech hub to churn out microchips, displays and other products, sources told Nikkei Asia, teaming up with Taiwanese electronics giant Foxconn as New Delhi looks to slash supply disruptions from overseas.

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