The Maharashtra government has formalised all the plans and even fixed the date to sign a Memorandum of Understanding (MoU) with Vedanta-Foxconn and AvanStarte as early as July 29, 2022, for the setting up of a multibillion-dollar semiconductor plant at Talegaon near Pune, according to a letter purported to have been written by Chief Minister Eknath Shinde to Vedanta Resources Limited chairman Anil Agarwal.
In the letter dated July 26, 2022, Mr. Shinde stated that the government remained committed to supporting Vedanta’s investment plans and was heartened to see the significant progress that had been made to ensure the State’s policy, incentives, infrastructure offerings and ecosystem were aligned to the project needs.
He further referred to a previous letter by Mr. Agarwal in which the latter made two key requests – the Central Government alignment and the State cabinet approval – and said “you will be pleased to know that on both fronts, the State is already in advanced stages and is moving ahead expeditiously. A High-Powered Committee has already given in-principle approval for the requisite incentive package and the same will be moved to the cabinet for final approval.”
