MUMBAI – Indian metals conglomerate Vedanta is close to choosing a site for a $20 billion technology center to make microchips, displays and other products, sources told Nikkei Asia, joining Taiwanese electronics giant Foxconn as New Delhi seeks to reduce supply interruptions. from abroad.
Officials from Vedanta, which is increasingly diversifying beyond its core commodity operations, have visited a 400-hectare (160-acre) site in Pune in the western state of Maharashtra that is a prime candidate to host the center, the two said. persons with knowledge of the matter. Other possible locations are understood to include the neighboring state of Gujarat and the southern state of Karnataka.