The JV doesn‘t look promising. Vedanta is a mining & metal company, Foxconn an electronics contract manufacturer: both without chip fab expertise. They tried to get European STMicro with licensed 40 nm tech on board … sceptical if this might be a scheme to grab Indian gov subsidies.One consortium is moving ahead (can be discussed further in that thread):
Indian Economy + Infra Archive
https://www.hindustantimes.com/india-news/indigo-orders-500-aircrafts-allies-with-turkish-airlines-to-expand-in-europe-101676692832585.html The deal to acquire 500 aircrafts was made with Airbus and Boeing which will allows the airline to fly to around 27 destinations in the continent. In...defencehub.live
It will be interesting to see what a ~ 10 billion dollar incentive will bring in and grow in today's relatively ensconced setting that you described.
This is why there is a larger problem w.r.t Turkiye given its current lack of financial health in forex, venture capital and fiscal room in the scales needed.....due to economic mismanagement that has been discussed for many pages prior in this thread.
And Terry Gou, the batshit crazy Foxconn CEO is a rabid Korea- and Samsung-hater, hahaha. Once he bought ailing Japanese Sharp to beat Samsung in the display market. National Chinese right-wing extremist in bed with mainland CCP.
David Reed might be an experienced semicon veteran, but he can‘t do the heavy lifting alone. Got to hire hundreds of high profile, top earning chip facility process experts. Any country trying to jump on the semicon bullet train needs billions of $$$.