The Foxconn Technology Group logo is pictured atop the Hon Hai Precision Industry Co headquarters in New Taipei City on Aug. 10. Photo: Lam Yik Fei, BloombergThe companies yesterday said the Vedanta-Hon Hai joint venture project would create more than 100,000 jobs in Gujarat. The Vedanta venture aims to start manufacturing display and chip products within two years, Vedanta chairman Anil Agarwal told a public event in Gujarat, where an agreement was signed with state officials. Vedanta and Hon Hai would work closely with the state government to establish high-tech clusters with requisite infrastructure, including land, and semiconductor-grade water and power, the statement added. TECHNICAL PARTNERHon Hai, known as Foxconn Technology Group (富士康科技集團) outside of Taiwan, is acting as the technical partner, while oil-to-metals conglomerate Vedanta is financing the project.
