Page 19 - Foxconn

Vedanta-Foxconn plant site in Gujarat to be finalised in 2 weeks: Official

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 technical aspects, commercial viability and connectivity to set up the semiconductor and a display fabrication unit in the state, Nehra told PTI. In the biggest ever corporate investment in the history of independent India, a joint venture of the Vedanta and Foxconn had on September 14 signed a Memorandum of Understanding (MoU) with the Gujarat government to invest Rs 1,54,000 crore to set up the plant in the state. Nehra had signed the MoU on behalf of the state government. "Vedanta and Foxconn have hired sector experts who are evaluating possible sites for the upcoming plant in Gujarat. Earlier they were ...

'Gujarat not Pakistan': Fadnavis on Vedanta-Foxconn semiconductor project

Amid mounting criticism over Gujarat bagging a multi-billion Vedanta-Foxconn semiconductor project, Maharashtra Deputy Chief Minister Devendra Fadnavis on Friday said the neighbouring state was not a part of Pakistan and alleged a "10 per cent commission" had to be paid for availing any subsidy during the previous Maha Vikas Agahdi (MVA) government. Without naming the Uddhav Thackeray-led Shiv Sena, Fadnavis targeted the party for opposing big-ticket projects like a refinery in Maharashtra which had the potential of taking the state ahead of others for the next ten years, as he slammed his former ally for stalling the Mumbai-Ahmedabad bullet train and Mumbai Metro 3 infrastructure ventures. Fadnavis said after taking over as the deputy chief minister in June-end, he personally met Vedanta chairman Anil Agarwal and Maharashtra even offered a tailor-made package to the company to match up the Gujarat offer, but he was told a decision to move the semiconductor unit to Gujarat was in

Vedanta-Foxconn demanded 'central govt alignment', Shinde's letter reveals

In his letter, Maharashtra CM Eknath Shinde said state was 'moving expeditiously' on request and invited the Chairman for MoU ceremony on July 29.

iPhone maker Foxconn's India plant should draw lessons from the US

Wisconsin never hit its targets. And neither will Gujarat

After row, Vedanta Chairman Anil Agarwal assures projects for Maharashtra

The Vedanta-Foxconn's announcement to implement its Rs 2.06 lakh-crore mega-project in Gujarat sparked a political furore in Maharashtra

Stop kidding, get serious now: NCP's Sule to Maha CM on Vedanta-Foxconn row

Scores of NCP workers were detained at a noisy demonstration in Mumbai, and in Pune, raising slogans against Shinde-Fadnavis for the state losing the prestigious Vedanta-Foxconn project to Gujarat

Foxconn row: Who was to blame for nixing Nanar refinery, Fadnavis asks Oppn

Maharashtra Deputy Chief Minister Devendra Fadnavis has accused the opposition of making false claims over the Vedanta-Foxconn semiconductor plant going to Gujarat, and also questioned it over the Nanar refinery project. Uddhav Thackeray-led Shiv Sena, NCP and Congress have sought to corner the state government following the announcement two days ago that the Rs 1.54 lakh crore semiconductor plant would be set up in Gujarat and not in Maharashtra as proposed earlier. "It is disappointing that negative, false and baseless claims are being spread to gain political mileage. This is only to hide their own incompetence. I want to ask opposition leaders, who sent back Rs 3.5 lakh crore refinery from Maharashtra? My advice to these leaders is to focus on becoming competent & efficient and not negative and desperate, " Fadnavis, who is visiting Moscow, tweeted. He also welcomed Vedanta chairman Anil Agarwal's tweet that Maharashtra will be key to "forward integration" to the joint ...

Vedanta-Foxconn plant in Gujarat 'attack on Maharashtra's prestige': Sena

The Shiv Sena on Thursday said the mega semiconductor project of Vedanta-Foxconn going to Gujarat was an attack on Maharashtra's "prestige". This was just the beginning and one day the Eknath Shinde-led Maharashtra government might even "trade Mumbai," said the editorial in the Sena mouthpiece "Saamana". Before this, an international finance centre (which eventually took shape as Gujarat International Finance Tech- GIFT City) was shifted to Gujarat from Mumbai, the editorial alleged. A blame-game has begun in Maharashtra following the announcement two days ago that the joint venture semiconductor project of the Indian conglomerate Vedanta and Taiwanese electronics giant Foxconn, proposed to be set up near Pune earlier, will come up in Gujarat. Without naming the BJP, the Sena mouthpiece alleged that like this project, some people also harbour the desire to "conquer" Mumbai-Thane and undermine Maharashtra's prosperity. This was the reason a puppet chief minister was installed in ..

Vedanta sees no funding problems for $19.5-bn chip JV with Foxconn

Vedanta chairman says chips from Gujarat would help to foster clusters of companies that could make products like iPhones, television sets, laptops and other electronic goods in India

PM has assured CM Shinde of Vedanta-Foxconn like project for Maha: Minister

Under fire from the Opposition for losing out on the mega Vedanta-Foxconn semiconductor project to Gujarat, the Maharashtra government on Wednesday said Prime minister Narendra Modi has assured the state will get a similar project or even a better one. Talking to reporters here, state Industries Minister Uday Samant said Chief Minister Eknath Shinde spoke to the prime minister on Tuesday after Gujarat bagged the project. The project was proposed to come up in Maharashtra but the Vedanta-Foxconn finalised Gujarat and jointly inked a Memorandum of Understanding with that government on Tuesday, triggering a political blame game. The chief minister put forth his views before the prime minister on Vednata (Foxconn semi-conductor project). The CM held a detailed discussion with the prime minister on this matter. The PM has assured the youth that a similar project, or a better one, will be given to Maharashtra, Samant said. The minister claimed that discussions for finalising the project

Vedanta-Foxconn sees Guj semiconductor plant reaching break-even in 5 yrs

Signs MoU with state govt; Vedanta to invest $10 billion of the $20 billion earmarked for the project in the first phase

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

Reuters was first to report on Monday that the joint venture obtained subsidies including on capital expenditure and electricity from Gujarat

Govt makes first disbursement under PLI scheme, Delhi firm to get Rs 52 cr

Dixon Technologies getting money after international companies expressed concern about scheme due to delays in disbursement

Tata Group in talks with Apple's Taiwanese supplier for assembling iPhones

An Indian company making iPhones would be a massive boost for the country's effort to challenge China. It could also persuade other global electronics brands to consider assembly in India

Made in India iPhones to be 5-7% of Apple's global supply this year

As Apple gears up for the launch of iPhone 14 on September 7, its plants in India are also gearing up to manufacture more of these phones to contribute more to Apple's global supply

Companies divided over the size of chips they plan to make in India

Chips of smaller nodes are faster and more profitable, but their factories can cost as much as a nuclear power plant

Taiwanese fab major PSMC looking to set up semiconductor plant in India

PSMC is one among several global fab companies interested in taking advantage of the government's incentives to set up semiconductor units in the country.

We will rapidly expand our operations in India: Foxconn Chairman Young Liu

Foxconn's commitment to India can be seen as a strong push by Taiwan to improve ties with other nations as China steps up its military belligerence near the island nation

iPhone assembler Foxconn feels the sting of slowing smartphone sales

The comments from the Taiwanese company, the world's largest contract electronics maker, echo those from other Asian tech firms that have warned of a drop in sales of smartphones, TVs and gadgets

Three companies planning chip units close in on technology partners

Sources say that while Intel has ratified the deal, it cannot commit itself on paper until all legal approvals for the acquisition are completed