The Taiwan-based company is also planning to set up an EV manufacturing plant in India. Modi said he welcomed the company’s plans for expanding its electronics manufacturing capacity in the country. Liu also met Akarsh Hebbar, Vedanta Group’s Global Managing Director of Display and Semiconductor Business. To discuss next steps for their proposed partnership to manufacture semiconductor chips in the country. Vedanta and Foxconn signed an MoU in February to form a joint venture company in India. Vedanta will hold 60 per cent of the equity in the JV while Foxconn will own 40 per cent.
