<p>Vedanta is awaiting government approval for incentives under a modified semiconductor production plan to begin construction of a plant in Gujarat, for which its has tapped technology and equity partners, a top executive said on Tuesday.</p>.<p>The metals-to-oil conglomerate has engaged with more than 100 global suppliers and ancillary industries which will form a key part of the semiconductor and display ecosystem, Akarsh Hebbar, global managing director at Vedanta Semiconductors and Display, said in a statement.</p>.<p>The group already has a partnership with Taiwan's Innolux for display fab manufacturing, he added.</p>.<p>Vedanta group Chairman Anil Agarwal had said last week that the company will enter the market for the manufacturing of chips and displays this year, days after its joint-venture partner, Taiwan's Foxconn, pulled out of a $19.5 billion chipmaking project.</p>.<p>After Foxconn pulled out, Vedanta said it had lined up partners for the venture, without giving details.</p>.<p>Reuters ha reported that deadlocked talks on finalising European chipmaker STMicroelectronics as a tech partner and delayed incentive approvals were among reasons for Foxconn's pullout.</p>.<p>Separately, Gujarat is holding talks with Foxconn over a semiconductor plant, while the Taiwanese company had said it intends to apply for incentives under India's semiconductor production plan. </p>
<p>Vedanta is awaiting government approval for incentives under a modified semiconductor production plan to begin construction of a plant in Gujarat, for which its has tapped technology and equity partners, a top executive said on Tuesday.</p>.<p>The metals-to-oil conglomerate has engaged with more than 100 global suppliers and ancillary industries which will form a key part of the semiconductor and display ecosystem, Akarsh Hebbar, global managing director at Vedanta Semiconductors and Display, said in a statement.</p>.<p>The group already has a partnership with Taiwan's Innolux for display fab manufacturing, he added.</p>.<p>Vedanta group Chairman Anil Agarwal had said last week that the company will enter the market for the manufacturing of chips and displays this year, days after its joint-venture partner, Taiwan's Foxconn, pulled out of a $19.5 billion chipmaking project.</p>.<p>After Foxconn pulled out, Vedanta said it had lined up partners for the venture, without giving details.</p>.<p>Reuters ha reported that deadlocked talks on finalising European chipmaker STMicroelectronics as a tech partner and delayed incentive approvals were among reasons for Foxconn's pullout.</p>.<p>Separately, Gujarat is holding talks with Foxconn over a semiconductor plant, while the Taiwanese company had said it intends to apply for incentives under India's semiconductor production plan. </p>