Photo: India Frontline

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

Wed, 31 May 2023 - 12:40 PM / by Varsha Joshi

Tags: Foxconn, Vedanta, Venture, Funding Application, Business News


Photo: The Economic Times

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.

Fri, 03 Mar 2023 - 07:40 PM / by Varsha Joshi

Tags: Foxconn, Investment, Jobs, telangana government, IT Minister

Courtesy: The Indian Express