Oil, gas and metals conglomerate Vedanta Limited, along with its joint-venture partner Foxconn, a Taiwanbased multinational contract electronics manufacturer, will jointly invest $20 billion (approximately Rs 1.5 lakh crore) in Gujarat.
The JV’s decision to choose Gujarat for the project comprising a semiconductor fabrication unit, a display fabrication unit, and a semiconductor assembling and testing unit instead of Maharashtra triggered a political blame game in the state, with the opposition targeting the Eknath ShindeDevendra Fadnavis government for losing out on a mega opportunity and deputy CM Fadnavis blaming the erstwhile MVA government for not inviting Foxconn for two years when they were working on the deal with Gujarat.
While Shiv Sena’s Aaditya Thackeray said he was shocked to see that a project “almost finalized” had been lost, Fadnavis told TOI, “If at all a blame game is to start, it’s the earlier government that is to be blamed. Our government came just a few days back. ”