After Foxconn JV, Vedanta further moves on its plan to foray into semiconductor and display manufacturing

In a race to become India’s first chip maker, Vedanta Ltd is seeking 1,000 acres (405 hectares) of free land from states and other incentives for its $20 billion foray into semiconductor and display manufacturing, sources told Reuters.
The oil-to-metals conglomerate in February said it will diversify into chip manufacturing and announced plans to form a joint venture with Taiwan’s Foxconn to support Prime Minister Narendra Modi’s plans to make India a semiconductor manufacturing hub.
Though Vedanta is seeking federal incentives under a Modi programme offering fiscal support, it is separately asking states for 1,000 acre of land free of cost on a lease for 99 years, according to two sources with direct knowledge of .
It needs 700 acres for its own facility, and the remainder for ancillaries.