India approves HCL-Foxconn joint venture semiconductor unit
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NEW DELHI (Reuters) - India's cabinet on Wednesday approved a new semiconductor unit, a joint venture between HCL Group and Foxconn, costing 37.06 billion rupees ($434.72 million) and to be located in the northern state of Uttar Pradesh, information minister Ashwini Vaishnaw said.
($1 = 85.2500 Indian rupees)
(This story has been corrected to say HCL Group, not HCL Technologies, in paragraph 1)
(Reporting by CK Nayak and Tanvi Mehta; Editing by YP Rajesh)
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