Vedanta

In the year 2018, the Vedanta-owned Sterlite copper plant had been shut hamering the livelihood of many local workers in the Thoothukudi region of Tamil Nadu. The plant was shut after massive protests erupted in the region claiming that the project was disturbing the environment in the region.

India has become net importer from net exporter of copper after the closure of the Sterlite plant, causing loses to the economy and downstream industries

After efforts to target the Adani Group were thwarted, the Organised Crime and Corruption Reporting Project (OCCRP) has turned its focus towards one of India's leading mining companies, the Vedanta Group

In its official statement, the company stated that building fabs from scratch in a new geography is a challenge, but Foxconn is committed to investing in India.

In case violations of provisions of the FCRA, 2010 are found, the certificate of FCRA registration of the association may be cancelled under Section 14 of the Act,” the reply stated.

Raghuram Rajan attacks Modi govt's productivity linked incentive scheme, but he is grossly wrong in his claims

Vedanta group and Foxconn formally announced plans to set up a massive semiconductor manufacturing facility in Gujarat.

Vedanta Group sought EoI for sale of its Sterlite Copper plant that has been closed since 2018.

This action follows the unveiling of the Rs 76,000 crore PLI scheme by the government for semiconductor manufacturing in India.

In May 2018, Sterlite Copper plant in Thoothukudi owned by Vedanta was ultimately shut down by Tamil Nadu government following protests by the local people on the grounds of alleged environmental hazards caused by the plant.