Taiwanese presidential candidates traditionally go to the US before elections given Washington's oversized role in ensuring Taiwan's security in the face of China's military threats.
This comes amid confusion over Foxconn's plans to invest in Telangana and Karnataka. Karnataka govt also gets letter from company & says it's 'confident' of investment.
The plant has been rocked by discontent over strict measures to curb the spread of COVID with many workers fleeing after complaining about their treatment via social media.
Unit is expected to generate around 2 lakh jobs & is likely to come up in Talegaon, Pune due to its industrial infrastructure and supply of skilled manpower, says Maharashtra govt.
At their meeting Thursday, Modi and Foxconn chair Young Liu discussed the 'company’s plans for expanding electronics manufacturing capacity in India, including in semiconductors'.
Foxconn shut the factory on the outskirts of Chennai after workers turned out to protest a mass food-poisoning incident, at one point blocking a major highway in mid-December.
Move comes as part of efforts of global companies to diversify their supply chains and reduce dependence on China. India has been trying to woo these firms.
Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.
India-Russia JV is also racing to deliver 7,000 more AK-203 assault rifles by 15 Aug. These are currently being made with 50% indigenisation and this will surge to 100% by 31 December.
Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.
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