"Chose Gujarat Because...": Vedanta Chief On Deal Amid Row Over Maharashtra
NDTV
Vedanta chairman Anil Agarwal said the company chose Gujarat for the semi-conductor facility deal on the basis of professional and independent advice.
On Vedanta-Foxconn's decision to set up a semiconductor facility in Gujarat instead of Maharashtra, Vedanta Resources Ltd Chairman Anil Agarwal on Wednesday said that the company is still committed to investing in Maharashtra. Mr Agarwal said that the company chose Gujarat for the deal on the basis of professional and independent advice. We decided Gujarat few months ago as they met our expectations. But in July meeting with Maharashtra leadership, they made a huge effort to outbid other states with competitive offer. We have to start in one place & based on professional & independent advice we chose Gujarat 3/4
The chairman took to Twitter and said, "We decided on Gujarat few months ago as it met our expectations. But in the July meeting with Maharashtra leadership, they made a huge effort to outbid other states with a competitive offer. We have to start in one place and based on professional and independent advice, we chose Gujarat."
"We are committed to investing in Maharashtra. We will soon create a hub where Maharashtra will be part of our forward integration," Mr Agarwal further said in a series of tweets, adding that Vedanta-Foxconn have been assessing the sites and engaging in dialogue with state governments for the last two years, and "we hope to continue these conversations for the growth of our country in years to come."
