Earlier this week, Foxconn withdrew from $19.5 billion semiconductor joint venture with metals-to-oil conglomerate, signaling a change in their partnership dynamics
Taiwanese tech giant says it sees India 'establishing robust semiconductor manufacturing ecosystem' and that its working to submit application under govt’s chip manufacturing incentives.
The companies, partnered last year to set up semiconductor and display production plants in Gujarat, are believed to have disputes over incentive approval delays by Indian government.
Second mega $19.5 bn plan to build chips locally by joint venture of Vedanta-Foxconn also moves at slow pace as their talks to rope in STMicroelectronics as partner are deadlocked
At one of his rallies in Pune, PM Modi promised to set up robust institutions related to finance and planning in Maharashtra. Since 2014, things have turned out differently.
As the Shinde-Fadnavis govt and MVA blame each other over the lost 1.5 lakh cr project. Aaditya says that the deal was almost finalised when the government fell in June.
In tactical terms, the shirtless protest was worse than a self-goal. Suddenly, the fiascos of the AI Summit were forgotten, and the Youth Congress’s disruption became the issue.
IAF is fine with accepting the aircraft with 'must-haves', even if some other steps remain pending, which may take at least another year, it is learnt.
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