Indian conglomerate Vedanta Electronics tied with manufacturing services giant Foxconn

Indian conglomerate Vedanta Electronics tied with manufacturing services giant Foxconn

Daily Current Affairs   /   Indian conglomerate Vedanta Electronics tied with manufacturing services giant Foxconn

Change Language English Hindi

Category : Miscellaneous Published on: February 18 2022

Share on facebook
  • Indian conglomerate Vedanta has signed a pact with electronics manufacturing services giant Foxconn to form a joint venture (JV) for manufacturing semiconductors in India.
  • Vedanta is the first company to make the announcement to invest in semiconductor manufacturing after the government announced a Rs 76,000-crore programme to boost electronic chip and display ecosystem in the country.
  • The collaboration between Vedanta and Foxconn follows the government's recent policy announcement for electronics manufacturing and PLI scheme for incentivising organisations to contribute towards the development of this sector.
Recent Post's
  • Veteran ‘Don’ (1978) director Chandra Barot dies at 86 due to cardiac arrest in Mumbai.

    Read More....
  • M. Sreeshankar wins gold with 7.75m jump at World Athletics meet in Portugal.

    Read More....
  • Kerala launches Cy-TB test to detect latent TB infections under NTEP.

    Read More....
  • ISRO chief announces India’s plan for space station by 2035, moon mission by 2040.

    Read More....
  • July 20 celebrated as UN’s International Moon Day to mark Apollo 11 landing.

    Read More....
  • Koneru Humpy becomes first Indian woman to reach FIDE Women’s World Cup semifinals.

    Read More....
  • India sets record with four players in 2025 FIDE Women’s World Cup quarterfinals.

    Read More....
  • Saudi ‘Sleeping Prince’ Al-Waleed dies at 36 after 19 years in coma.

    Read More....
  • NCLT approves merger of Adani Cementation with Ambuja Cements.

    Read More....
  • Anvesh Tiwari launches India’s first fully AI-powered fintech platform ‘Nxtbanking’.

    Read More....