Join Our WhatsApp Group:<br />https://linktr.ee/sujitnair<br /><br />In this episode of editorial, Mr. Sujit Nair discusses about the the mega investment which was to be done in the state of Gujarat by the joint-venture Vedanta-Foxconn and how the semi-conductor giant Foxconn exited the venture abruptly. Foxconn said on Monday that it has exited a $19.5 billion joint venture with Indian giant Vedanta in the semiconductor industry, putting Prime Minister Narendra Modi's hopes for India to become a chip-making powerhouse in jeopardy. The project, originally slated for Gujarat but ultimately linking up with Maharashtra, was at the center of a political kerfuffle between the two states last year.<br />In an effort to expand its operations, Foxconn teamed up with Vedanta in February 2022 to produce chips in India. According to Foxconn, this will ""significantly boost domestic electronics manufacturing in India."" A Foxconn delegation met with Eknath Shinde, the chief minister of Maharashtra, and his deputy, Devendra Fadnavis, in the final week of July of that year.<br /><br />#Foxconn #Vedanta #Maharashtra #FDI #Gujarat #BJP #EknathShinde #DevendraFadnavis #BhupendraPatel #Shivsena #India #VedantaFoxconn #Semiconductor #HWNews #SujitNair
