मैगज़्टर गोल्ड के साथ असीमित हो जाओ
9,500 से अधिक पत्रिकाओं, समाचार पत्रों और प्रीमियम कहानियों तक असीमित पहुंच प्राप्त करें सिर्फ
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Foxconn pledges commitment to India after Vedanta JV withdrawal
The Daily Guardian
|July 12, 2023
A day after Taiwanese electronics manufacturing giant, Foxconn, announced its withdrawal from a joint venture with Indian conglomerate Vedanta, the company has stated it is preparing to apply for incentives under a semiconductor and display fab programme, reaffirming its commitment to India.
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Foxconn, which had recently pulled out of a $19.5 billion semiconductor joint venture with Vedanta, said in a statement on Tuesday, "We welcome a diverse set of stakeholders, both inside India and abroad, who also want to see India get to the next level and can complement Foxconn's world-class supply chain management and manufacturing efficiency."
Foxconn is planning to submit an application related to the Modified Programme for Semiconductors and Display Fab Ecosystem. The company expressed its belief in India's potential to establish a strong semiconductor manufacturing ecosystem, albeit over time. "Foxconn first entered India in 2006 and we are still here.
यह कहानी The Daily Guardian के July 12, 2023 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 9,500 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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