Govt To Reject Funding Application Of Vedanta-Foxconn
The Indian government is likely to reject crucial funding for Anil Agarwal's chip venture, said sources. Notably, the government authorities will likely inform the joint venture between Taiwan's Foxconn and Vedanta that it will not be receiving incentives for the production of 28-nanometer chips. The announcement will be a blow to Anil Agarwal's dream of establishing India's version of Silicon Valley. The venture failed to meet government's… read-more
Tags: Foxconn, Vedanta, Venture, Funding Application, Business News
Courtesy: The Free Press Journal
Foxconn Announces Investment In Telangana, Will Create 1 Lakh Jobs
Foxconn signs a deal with the Telangana Government and announced a major investment. As per sources, on March 3, the CEO of Foxconn signed an MoU with Information Technology Minister KT Rama Rao. The company will establish a factory unit in Telangana, which will help the growth of Telangana. Furthermore, the investment and company will also create approximately 1 lakh jobs in the State for youths.
Tags: Foxconn, Investment, Jobs, telangana government, IT Minister
Courtesy: The Indian Express