Vedanta-Foxconn decision to set up semiconductor plant in Gujarat triggers political blame game in Maharashtra
2 years, 6 months ago

Vedanta-Foxconn decision to set up semiconductor plant in Gujarat triggers political blame game in Maharashtra

The Hindu  

Maharashtra is witnessing a political firestorm following the decision of multinational mining company Vedanta Limited to set up a $20 billion Vedanta-Foxconn semiconductor manufacturing facility in neighbouring Gujarat, despite finalising its location at Talegaon near Pune. Leader of Opposition and Nationalist Congress Party leader Ajit Pawar wrote to Chief Minister Eknath Shinde requesting him to bring back the project to the State. He asked his former colleague, Mr. Shinde, to make all efforts to bring back the semiconductor plant to Maharashtra from Gujarat and said it was an effort to financially deprive the State. The Opposition slammed the Shinde-Fadnavis government for losing out on the project and alleged the State government came under pressure from Prime Minister Narendra Modi and gave away the $20 billion project with a potential of about one lakh jobs to Gujarat which will go for Assembly polls in December. “Eknath Shinde is only a dummy Chief Minister, and State government giving away the project to Gujarat amounts to committing dishonesty with Maharashtra,” Mr. Patole alleged.

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History of this topic

Foxconn’s gift to PM Modi: iPhone maker promises to hire thousands as it looks to expand in India
1 year, 6 months ago

Foxconn’s gift to PM Modi: iPhone maker promises to hire thousands as it looks to expand in India

Firstpost  

Foxconn has hinted that it plans to expand rapidly in India and will create tens of thousands of jobs by next year. Lee expressed Foxconn’s strong commitment to doubling its workforce, increasing foreign direct investment, and expanding its overall business operations in India within the next year. We will redouble our efforts to offer you an even greater birthday gift …

Foxconn teams up with STMicro for semiconductor plant in India: Report
1 year, 6 months ago

Foxconn teams up with STMicro for semiconductor plant in India: Report

India Today  

Foxconn Technology Group is collaborating with STMicroelectronics NV to submit a joint bid for constructing a semiconductor manufacturing plant in India, with the aim of securing state support for this endeavor, reported Bloomberg News. It may be noted that setting up semiconductor manufacturing plants is a formidable task, as these facilities entail substantial investments, often reaching billions of dollars, and …

Karnataka-Foxconn sign Letter of Intent for two new projects worth ₹5,000 crore
1 year, 7 months ago

Karnataka-Foxconn sign Letter of Intent for two new projects worth ₹5,000 crore

The Hindu  

The Karnataka government and iPhone maker Foxconn have signed the Letter of Intent to set up two additional projects with an estimated investment outlay of ₹5,000 crore, said Large and Medium Industries Minister M.B. The intended projects include a phone enclosure project for which Foxconn Industrial Internet,, a Foxconn subsidiary, will invest ₹3,000 crore that is estimated to create 12,000 …

PM Modi meets Foxconn chief days after Taiwanese firm breaks from $20 bn JV with Vedanta
1 year, 7 months ago

PM Modi meets Foxconn chief days after Taiwanese firm breaks from $20 bn JV with Vedanta

Hindustan Times  

Foxconn chief Young Liu met Prime Minister Narendra Modi in Gujarat’s Gandhinagar on Friday, where both attended Semicon India 2023 conference. The meeting comes days after the Taiwanese company withdrew from a $20 billion joint venture - Vedanta Foxconn Semiconductors Limited - that would have brought the first chip manufacturing plant in India. PM Modi meets Foxconn chief Young Liu …

'Legal hurdles resolved, 300-acre of land will be given to Foxconn soon': Karnataka Minister MB Patil
1 year, 8 months ago

'Legal hurdles resolved, 300-acre of land will be given to Foxconn soon': Karnataka Minister MB Patil

Firstpost  

Earlier this week, Foxconn terminated its joint venture with India’s Vedanta Group for chip production. Sources revealed that Foxconn has been in talks with TSMC and TMH for quite some time now Karnataka’s Large and Medium Industry Minister MB Patil said on Friday that the legal hurdles to establishing iPhone makers’ Foxconn factory in the state have been cleared and …

Why government financial support to semiconductor industry is essential for the sector's growth
1 year, 8 months ago

Why government financial support to semiconductor industry is essential for the sector's growth

Firstpost  

Previous governments have displayed criminal neglect for this sector, and delivering results for the Modi government will require heavy lifting not just at the central level but also at the state and regional levels When the Indian economy was opening up in the 90s, foreign direct investment in various sectors was being invited. While global and domestic companies ramped up …

Foxconn to pursue India plan without Vedanta, will apply for chip making unit separately
1 year, 8 months ago

Foxconn to pursue India plan without Vedanta, will apply for chip making unit separately

Op India  

A day after breaking the joint venture deal with metal-to-oil conglomerate Vedanta group, Foxconn announced on Tuesday, 11 July, that it is committed to India and will pursue its Semiconductor manufacturing plan in the country. 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 …

Foxconn plans India semiconductor unit without Vedanta, seeks ‘diverse’ stakeholders
1 year, 8 months ago

Foxconn plans India semiconductor unit without Vedanta, seeks ‘diverse’ stakeholders

Hindustan Times  

Foxconn is planning to apply separately to build a semiconductor manufacturing plant in India, the Taiwanese tech giant said on Tuesday, a day after withdrawing from a semiconductor joint venture with India's Vedanta Limited. FILE PHOTO: The logo of Foxconn is seen outside the company's building in Taipei, Taiwan, “Foxconn is working towards submitting an application related to Modified Programme …

Know why Foxconn broke up with Vedanta and set up shop in Tamil Nadu
1 year, 8 months ago

Know why Foxconn broke up with Vedanta and set up shop in Tamil Nadu

Firstpost  

When Foxconn ended its joint venture with Vedanta, a narrative was being pushed, which said that the Taiwanese tech giant had no confidence in India Semicon. Foxconn’s subsequent statement and the fact that they are setting up a new plant in Tamil Nadu, proves otherwise Taiwan’s Foxconn pulling out of its joint venture with India’s Vedanta seemed to be a …

Vedanta Shares Down 3% After Foxconn Decides To Exit The Semiconductor JV; Details
1 year, 8 months ago

Vedanta Shares Down 3% After Foxconn Decides To Exit The Semiconductor JV; Details

News 18  

Vedanta hits 52-week low: Shares of Vedanta fell nearly 3 per cent after Foxconn pulled out of their $19.5 billion semiconductor joint venture. After the withdrawal of Foxconn, Vedanta said that it is fully committed to its semiconductor project and has lined up other partners to set up India’s first foundry. Minister of State for Electronics and IT Rajeev Chandrasekhar …

Foxconn to apply for India chipmaking incentives after breaking up with Vedanta
1 year, 8 months ago

Foxconn to apply for India chipmaking incentives after breaking up with Vedanta

India Today  

Taiwan's Foxconn said on Tuesday it plans to apply for incentives that India is offering under its semiconductor manufacturing policy, a day after the company parted ways with Vedanta on a $19.5 billion chipmaking joint venture. "Foxconn is committed to India and sees the country successfully establishing a robust semiconductor manufacturing ecosystem," the company said. On Monday, Foxconn withdrew from …

Foxconn pulls out of chip JV with Vedanta
1 year, 8 months ago

Foxconn pulls out of chip JV with Vedanta

Hindustan Times  

Taiwan’s Foxconn Technology Group on Monday pulled out of its joint venture with Vedanta Ltd, which had planned to invest $20 billion in India to build units for semiconductor fabrication, assembly and testing, and display manufacturing. The partnership planned to set up India’s first chip manufacturing unit under a $10 billion government-backed financial incentive scheme and was once estimated to …

As Foxconn dumps $19.5 bn chip plan, Uddhav camp's regret: ‘Maharashtra could have…’
1 year, 8 months ago

As Foxconn dumps $19.5 bn chip plan, Uddhav camp's regret: ‘Maharashtra could have…’

Hindustan Times  

The withdrawal of Taiwanese electronic contract manufacturer Foxconn from its chip joint venture has renewed the controversy surrounding Vedanta's decision to choose Gujarat over Maharashtra, with Shiv Sena hitting out at the Eknath Shinde-led government for what is called a “tragedy”. “This is a loss for India, and Maharashtra could have propelled this growth story for India,” said Thackeray, who …

Foxconn pulling plug on chip plant venture won't have impact on India's semiconductor goals: Govt
1 year, 8 months ago

Foxconn pulling plug on chip plant venture won't have impact on India's semiconductor goals: Govt

Hindustan Times  

Following the withdrawal of Taiwanese electronic contract manufacturer Foxconn from its chip joint venture with Vedanta on Monday, Union Minister of State for Electronics & Technology said that India's semiconductor fabrication goals will remain unscathed by the company's departure. Foxconn, the world's largest contract electronics maker, has decided to withdraw from a ₹1.5 lakh crore semiconductor joint venture with Indian …

Foxconn withdraws from India's semiconductor joint venture with Vedanta
1 year, 8 months ago

Foxconn withdraws from India's semiconductor joint venture with Vedanta

The Hindu  

Taiwan-based Hon Hai Technology Group, better known as Foxconn, pulled out of its joint venture with the Vedanta Group on July 10, the firm announced in a statement. “In order to explore more diverse development opportunities, according to mutual agreement, Foxconn has determined it will not move forward on the joint venture with Vedanta,” the company said in a statement. …

Foxconn drops plans for $19.5 billion JV with Vedanta to make electronic chips
1 year, 8 months ago

Foxconn drops plans for $19.5 billion JV with Vedanta to make electronic chips

Hindustan Times  

Taiwan's Foxconn said on Monday it has withdrawn from a $19.5 billion joint venture with Indian metals-to-oil conglomerate Vedanta, in a setback to Prime Minister Narendra Modi's chipmaking plans for India. Gujarat Chief Minister Bhupendra Patel, Union Minister for Communications and Electronics & Information Technology Ashwini Vaishnaw, and Vedanta Resources Limited, Chairman, Anil Agarwal during the MoU signing ceremony between …

Foxconn dumps $19.5bn Vedanta chip plan in blow to India
1 year, 8 months ago

Foxconn dumps $19.5bn Vedanta chip plan in blow to India

Al Jazeera  

India has made chipmaking a top priority for its economic strategy, and this pullout is a blow to efforts to get investors. Taiwan’s Foxconn has withdrawn from a $19.5bn semiconductor joint venture with Indian metals-to-oil conglomerate Vedanta, it said, a setback to Prime Minister Narendra Modi’s chipmaking plans for India. Modi has made chipmaking a top priority for India’s economic …

Foxconn dumps $19.5 billion Vedanta chip plan in blow to India
1 year, 8 months ago

Foxconn dumps $19.5 billion Vedanta chip plan in blow to India

India Today  

Taiwan's Foxconn said on Monday it has withdrawn from a $19.5 billion semiconductor joint venture with Indian metals-to-oil conglomerate Vedanta, in a setback to Prime Minister Narendra Modi's chipmaking plans for India. Foxconn, the world's largest contract electronics maker, and Vedanta signed a pact last year to set up semiconductor and display production plants in Gujarat. "Foxconn has determined it …

'India just getting started': Minister as Foxconn dumps $19.5 billion chip plan
1 year, 8 months ago

'India just getting started': Minister as Foxconn dumps $19.5 billion chip plan

India Today  

Taiwan’s Foxconn’s decision to withdraw from a $19.5 billion semiconductor joint venture with Indian conglomerate Vedanta “has no impact on India's Semiconductor Fab goals”, the government said today, adding that it was “a bad idea to bet against India under PM Modi”. Foxconn, the world's largest contract electronics maker, and Vedanta had signed a deal last year to build semiconductor …

Invited Tesla to set up plant in Maha: CM Shinde
1 year, 9 months ago

Invited Tesla to set up plant in Maha: CM Shinde

Hindustan Times  

Mumbai: While Tesla is looking for another location to set up their factory by the end of this year, chief minister Eknath Shinde on Thursday confirmed that the state government has invited the American automobile giant to build a plant in the state. We have good infrastructure and connectivity and skilled manpower and hence other countries choose to invest in …

Vedanta-Foxconn finalises Gujarat's Dholera for first semiconductor manufacturing plant in India
2 years, 1 month ago

Vedanta-Foxconn finalises Gujarat's Dholera for first semiconductor manufacturing plant in India

India TV News  

Vedanta-Foxconn finalises Gujarat's Dholera for first semiconductor manufacturing plant in India Vedanta and Foxconn in September 2022 signed a Memorandum of Understanding with the Gujarat government to invest Rs 1,54,000 crore in the state. India first semi-conductor plant: Dholera Special Investment Region near Ahmedabad has been finalised by Foxconn and Indian conglomerate Vedanta to set up their semiconductor and display …

Vedanta-Foxconn leads race to get govt nod for chip plant
2 years, 2 months ago

Vedanta-Foxconn leads race to get govt nod for chip plant

Live Mint  

NEW DELHI : Only one of the three semiconductor manufacturing proposals submitted to secure financial support under India’s $10 billion incentive scheme is likely to make the cut, a top official familiar with the development said. The Vedanta-Foxconn joint venture’s $20 billion proposal in Gujarat is expected to be the first to secure government approval, while the other two, submitted …

‘World wants India…': Vedanta boss on PM Modi, Foxconn and Young India at HTLS
2 years, 4 months ago

‘World wants India…': Vedanta boss on PM Modi, Foxconn and Young India at HTLS

Hindustan Times  

Prime Minister Narendra Modi has gained more popularity among the people of the country due to the trust he built during the Covid-19 pandemic, Vedanta chairman Anil Agarwal said at the Hindustan Times Leadership Summit on Saturday. “The world wants that India remains a market and not a manufacturer,” Agarwal told Sruthijith KK, editor-in-chief, Mint, during the conversation. Vedanta chairman …

BJP Would Mint Money If...: Fadnavis Attacks Opposition As He Reacts To Elon Musk's Tweet
2 years, 4 months ago

BJP Would Mint Money If...: Fadnavis Attacks Opposition As He Reacts To Elon Musk's Tweet

ABP News  

Maharashtra Deputy Chief Minister Devendra Fadnavis on Tuesday took a cue from billionaire entrepreneur Elon Musk's tweet to hit out at the Opposition. 🙋🏻‍♂️ https://t.co/yuXfnIkrPR — Devendra Fadnavis October 31, 2022 Responding to the charges against BJP over infrastructure projects going to Gujarat, Fadnavis on Monday said Maha Vikas Aghadi is out to defame the state by spreading the fake …

Uddhav's Sena & NCP on Offensive as Shinde-Fadnavis Govt Loses Another Project
2 years, 4 months ago

Uddhav's Sena & NCP on Offensive as Shinde-Fadnavis Govt Loses Another Project

The Quint  

Vedanta-Foxconn Project A joint venture of Indian mining conglomerate Vedanta and Taiwanese manufacturing giant Foxconn was shifted from Maharashtra to Gujarat at the very last minute. The talks with the Maharashtra government, led by Chief Minister Eknath Shinde and deputy Chief Minister Devendra Fadnavis, were reportedly "almost final" in July 2022. Bulk Drug Park Project Aaditya Thackeray claimed in September …

Maha govt comes under fire over Tata-Airbus aircraft project shifting to Gujarat
2 years, 4 months ago

Maha govt comes under fire over Tata-Airbus aircraft project shifting to Gujarat

Deccan Chronicle  

MUMBAI: The Eknath Shinde-led Maharashtra government has come under fire following the Centre's announcement that Tata-Airbus C-295 transport aircraft project would be set up in Gujarat, with the opposition seeking to know why the project that was supposed to come up in Maharashtra went to the neighbouring state. Former Maharashtra minister Aaditya Thackeray on Thursday accused the Shinde government of …

Shinde-Fadnavis under fire from Oppn for losing yet another project to Gujarat
2 years, 4 months ago

Shinde-Fadnavis under fire from Oppn for losing yet another project to Gujarat

Hindustan Times  

Mumbai: The Eknath Shinde-Devendra Fadnavis government came under opposition fire on Thursday after the Centre announced that the ₹22,000-crore C-295 transport aircraft manufacturing plant will come up in Vadodara despite the ruling coalition’s attempt to house the joint venture at the Multi-modal International Cargo Hub and Airport in Nagpur. “After Vedanta-Foxconn, now Tata-Airbus project has gone to Gujarat due to …

Maha lost one more big-ticket project: Aaditya slams Shinde govt over Tata-Airbus Gujarat deal
2 years, 4 months ago

Maha lost one more big-ticket project: Aaditya slams Shinde govt over Tata-Airbus Gujarat deal

India TV News  

Maha lost one more big-ticket project: Aaditya slams Shinde govt over Tata-Airbus Gujarat deal Tata-Airbus Gujarat deal: He accused the Shinde government of not being serious about the state's progress and criticised it for "failing to protect the state's interests". Tata-Airbus Gujarat deal: With the announcement about Tata-Airbus C-295 transport aircraft project coming up in Gujarat, former Maharashtra minister Aaditya …

Vedanta-Foxconn semiconductor plant site in Gujarat likely to be finalised in 2 weeks
2 years, 6 months ago

Vedanta-Foxconn semiconductor plant site in Gujarat likely to be finalised in 2 weeks

The Hindu  

Vedanta and Foxconn have hired experts who are evaluating possible locations for their upcoming semiconductor plant in Gujarat and a site may be finalised in the next couple of weeks, Gujarat Science and Technology Department Secretary Vijay Nehra said. So far, the joint venture company has not finalised the location as they are evaluating various sites in Gujarat based on …

Vedanta-Foxconn plant: Was money demanded from firm, asks MNS' Raj Thackeray
2 years, 6 months ago

Vedanta-Foxconn plant: Was money demanded from firm, asks MNS' Raj Thackeray

India TV News  

Vedanta-Foxconn plant : Maharashtra Navnirman Sena chief Raj Thackeray on Monday sought an inquiry into the state losing the multi-billion dollar Vedanta-Foxconn semiconductor chip manufacturing project to neighboring Gujarat and asked if any money was demanded from the joint venture firm. Attacking former chief minister Uddhav Thackeray, the MNS leader said the former's party fought the 2019 polls in alliance …

Foxconn’s US story may hold lessons for India’s chip hopes
2 years, 6 months ago

Foxconn’s US story may hold lessons for India’s chip hopes

Live Mint  

The project is fantastical: A $19 billion investment in the semiconductor and display-panel sectors, with the creation of 100,000 jobs promised in a state with little experience in technology manufacturing. If voters and taxpayers in India’s Gujarat state are excited about this “landmark investment”, they ought to read up on recent Wisconsin history. The US state bought into a similar …

‘Gujarat is no Pakistan, and it is our brother’: Fadnavis on Gujarat bagging Vedanta-Foxconn project
2 years, 6 months ago

‘Gujarat is no Pakistan, and it is our brother’: Fadnavis on Gujarat bagging Vedanta-Foxconn project

The Hindu  

Amid the political controversy in Maharashtra over losing the $20 billion Vedanta-Foxconn semiconductor project to Gujarat, Deputy Chief Minister Devendra Fadnavis said ‘Gujarat is no Pakistan, and it is our brother.’ “It is a healthy competition. We fell behind Gujarat in attracting foreign investment during Maha Vikas Aghadi’s tenure, but in the next two years, we will be ahead of …

‘Unconstitutional’ Shinde-Fadnavis government lost two mega projects: Aaditya Thackeray
2 years, 6 months ago

‘Unconstitutional’ Shinde-Fadnavis government lost two mega projects: Aaditya Thackeray

The Hindu  

Shiv Sena leader and Worli legislator Aaditya Thackeray termed the Eknath Shinde-Devendra Fadnavis government as unconstitutional and incompetent, and blamed it for the State losing the $20 billion Vedanta-Foxconn semiconductor unit to Gujarat. Role of Maha Vikas Adhadi Responding to the Shinde-Fadnavis government’s allegations that the previous Maha Vikas Adhadi government didn’t pursue the project meticulously and opposed other mega …

Maharashtra was set to sign Vedanta MoU
2 years, 6 months ago

Maharashtra was set to sign Vedanta MoU

The Hindu  

The Maharashtra government has formalised all the plans and even fixed the date to sign a Memorandum of Understanding with Vedanta-Foxconn and AvanStarte as early as July 29, 2022, for the setting up of a multibillion-dollar semiconductor plant at Talegaon near Pune, according to a letter purported to have been written by Chief Minister Eknath Shinde to Vedanta Resources Limited …

Maharashtra Government made effort to outbid other States, but our decision was independent: Vedanta chairman Anil Agarwal
2 years, 6 months ago

Maharashtra Government made effort to outbid other States, but our decision was independent: Vedanta chairman Anil Agarwal

The Hindu  

The Maharashtra leadership has made a huge effort to outbid other States with a competitive offer, but the decision to choose Gujarat for the deal was on the basis of professional and independent advice, Vedanta Resources Limited Chairman Anil Agarwal said following the Vedanta-Foxconn’s decision to set up their $20 billion semiconductor unit in Gujarat instead of Maharashtra. Ever since …

Semiconductor Deal Row: NCP Workers Detained on Way to Mantralaya During Protest Against Maha Govt
2 years, 6 months ago

Semiconductor Deal Row: NCP Workers Detained on Way to Mantralaya During Protest Against Maha Govt

News 18  

The political row over Shinde-led Maharashtra government losing the mega semiconductor plant deal escalated on Thursday with workers of the Nationalist Congress Party, the main opposition outfit in the state, being taken in custody by the Mumbai Police while they were on their way to the Mantralaya to protest in the matter. Indian conglomerate Vedanta and Taiwanese electronics giant Foxconn …

Vedanta Says Semiconductor Plant Deal With Gujarat Based on 'Independent Advice'; Maha Dy CM Fadnavis Responds
2 years, 6 months ago

Vedanta Says Semiconductor Plant Deal With Gujarat Based on 'Independent Advice'; Maha Dy CM Fadnavis Responds

News 18  

Amid the blame game in Maharashtra over the state government losing a key Vedanta-Foxconn semiconductor plant deal to Gujarat, chairman of Vedanta Resources Ltd Anil Agarwal on Wednesday said that the company is still committed to investing in Maharashtra. Vedanta chairman Anil Agarwal also cleared the air over company’s decision to sign the deal with Gujarat and said it “chose …

Vedanta-Foxconn plant: Centre promise of bigger plant for Maharashtra is like consoling child, says NCP chief
2 years, 6 months ago

Vedanta-Foxconn plant: Centre promise of bigger plant for Maharashtra is like consoling child, says NCP chief

India TV News  

Vedanta-Foxconn chip plant: Nationalist Congress Party president Sharad Pawar on Thursday said the Centre's assurance to the Maharashtra government to give a bigger project to the state than the Vedanta-Foxconn semiconductor plant, was like “consoling a child” and added now that the unit has moved to Gujarat there was no point in the discussing the matter further. Speaking to the …

Aatmanirbhar Silicon Valley dreams to turn to reality: Why India’s first chip factory in Gujarat is reason to celebrate
2 years, 6 months ago

Aatmanirbhar Silicon Valley dreams to turn to reality: Why India’s first chip factory in Gujarat is reason to celebrate

Firstpost  

Vedanta and Taiwan’s Foxconn will invest Rs 1.54 lakh crore to set up the 1,000-acre semiconductor plant in Ahmedabad. The factory, which is expected to start production in two years, will not only employ more than one lakh people but also accelerate India’s manufacturing ambitions Multinational mining company Vedanta Limited and Taiwanese electronics manufacturing giant Foxconn on Tuesday announced that …

'MVA Bought This to Final Stage': Aaditya Slams Shinde Govt for Losing Vedanta’s Semiconductor Plant to Gujarat
2 years, 6 months ago

'MVA Bought This to Final Stage': Aaditya Slams Shinde Govt for Losing Vedanta’s Semiconductor Plant to Gujarat

News 18  

As Gujarat bagged the project of India’s first semiconductor plant, Shiv Sena leader Aaditya Thackeray on Tuesday hit out at the Eknath Shinde-led government for letting go off “an almost finalised” deal out of Maharashtra. The Rs 1.54 lakh-crore venture by the mining conglomerate Vedanta, Thackeray said, was brought to a final stage of being set up in Maharashtra under …

Vedanta, Foxconn to invest $19.5 bn in Gujarat for chip project
2 years, 6 months ago

Vedanta, Foxconn to invest $19.5 bn in Gujarat for chip project

The Hindu  

Vedanta Ltd. and Taiwan's Foxconn will invest $19.5 billion under a pact signed on Tuesday to set up a semiconductor project in Gujarat, Indian Prime Minister Narendra Modi's home state. Gujarat Chief Minister Bhupendrabhai Patel said the venture would create more than 100,000 jobs, and the state was prepared to extend any support to the project, which it won in …

Vedanta-Foxconn to set up massive semiconductor plant in Gujarat, Anil Agarwal announces 1.54 lakh crore investment
2 years, 6 months ago

Vedanta-Foxconn to set up massive semiconductor plant in Gujarat, Anil Agarwal announces 1.54 lakh crore investment

Op India  

The Vedanta Group and Foxconn, a Taiwanese electronic manufacturing powerhouse, have announced plans to establish a massive semiconductor manufacturing facility in Gujarat. Vedanta’s landmark investment of 1.54 lakh crores will help make India’s #Atmanirbhar Silicon Valley a reality,” Agarwal tweeted. He further added, “This project will help fulfil Hon’ble PM @narendramodi Ji’s vision of creating a robust manufacturing base in …

Vedanta picks Gujarat for $20 billion India semiconductor foray
2 years, 6 months ago

Vedanta picks Gujarat for $20 billion India semiconductor foray

Live Mint  

Vedanta Ltd has selected Indian Prime Minister Narendra Modi's home state of Gujarat for its semiconductor project, two sources told Reuters, the first major step in its $20 billion joint venture with Taiwan's Foxconn. Vedanta obtained financial and non-financial subsidies including on capital expenditure and cheap electricity from Gujarat to build the semiconductor plants, the first source with knowledge of …

Vedanta to invest up to USD 20 bn in semiconductor biz in India, rollout by 2025
3 years, 1 month ago

Vedanta to invest up to USD 20 bn in semiconductor biz in India, rollout by 2025

The Hindu  

Indian conglomerate Vedanta has earmarked $15 billion for its foray into the electronic chip and display manufacturing space, and plans to scale up the investment to as much as $20 billion, a senior company official said. It expects to roll out display units, for use in mobile phones and electronics devices, by 2024 and electronic chips from Indian manufacturing plants …

Foxconn and Vedanta to jointly manufacture semiconductor chips in India
3 years, 1 month ago

Foxconn and Vedanta to jointly manufacture semiconductor chips in India

Op India  

Foxconn, the Taiwanese manufacturing company, has partnered with Anil Agarwal’s Vedanta group, an Indian oil, gas, and metals conglomerate, to make semiconductor chips in India. This action follows the unveiling of the Rs 76,000 crore PLI scheme by the central government for semiconductor manufacturing in the country, which aims to make India one of the world’s major semiconductor manufacturing hubs. …

The curious case of Vedanta’s Foxconn tie-up to make chips
3 years, 1 month ago

The curious case of Vedanta’s Foxconn tie-up to make chips

Live Mint  

This week’s announcement that India’s Vedanta Group has tied up with Taiwan’s Foxconn Technology Group to make chips is being lauded as proof that New Delhi is gaining traction with its plans to build a semiconductor industry. India’s government is offering almost $7 billion of enticements to boost its electronics manufacturing sector, which includes a Production Linked Incentive scheme, and …

Foxconn denies reports of pulling out of $5 billion investment in India
5 years, 2 months ago

Foxconn denies reports of pulling out of $5 billion investment in India

Firstpost  

It was earlier reported that Foxconn had called off its plans of building more manufacturing units in the state of Maharashtra. The previous reports stated that Maharashtra’s minister for industries Subhash Desai said, “There is no chance of Foxconn exercising its commitment for investment in the state, as it is facing some problems related to its business.” He mentioned that …

Foxconn plans $5 billion investment over 5 years in Maharashtra facility
9 years, 7 months ago

Foxconn plans $5 billion investment over 5 years in Maharashtra facility

Firstpost  

Taiwan’s Foxconn, the world’s largest contract electronics manufacturer and a key supplier to Apple, on Saturday signed a pact with Maharashtra to invest $5 billion over five years on a new electronics manufacturing facility. The Foxconn announcement will bolster Indian Prime Minister Narendra Modi’s “Make in India” campaign, which aims to turn Asia’s third-largest economy into a manufacturing powerhouse. Gou …

People's victory
14 years, 5 months ago

People's victory

The Hindu  

Vedanta will not be able to mine the Niyamgiri hills for bauxite, and for the Dongria Kondhs the MoEF decision is a major victory. THE August 24 decision of the Union Ministry of Environment and Forests refusing to allow mining in the Niyamgiri hills jointly by the Orissa Mining Corporation and Sterlite Industries Limited, a Vedanta Group company, has given …

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