Vedanta and Foxconn are continuing to move forward with their big joint plan for a $20 billion fab for semiconductor fabrication in India, and both companies expect the fab to break even within four years. There’s even talk about building fabs in other countries, too. And to show just how serious they are, Vedanta has hired industry veteran David Reed as its CEO. However, under the surface, the picture is not so rosy. To begin with, there are infrastructure, bureaucracy, and other issues that need to be overcome.
