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
  • Jammu & Kashmir inaugurated its first Gen Z Post Office at AIIMS Vijaypur, making it the first AIIMS in India to host a youth-centric, tech-enabled postal hub.

    Read More....
  • Goa Liberation Day, observed on 19 December, marks the end of over 450 years of Portuguese rule with the success of Operation Vijay in 1961.

    Read More....
  • PM Narendra Modi was conferred Oman’s highest civilian honour, the First Class of the Order of Oman, becoming the first Indian leader to receive it and marking his 29th international award.

    Read More....
  • India and Saudi Arabia signed a bilateral visa waiver agreement to facilitate visa-free short-term official travel for diplomatic and official passport holders.

    Read More....
  • India has become the world’s largest and most active market for AI model adoption, leading in users of apps like ChatGPT, Gemini, and Perplexity, according to Bank of America.

    Read More....
  • José Antonio Kast has been elected Chile’s president, marking a rightward political shift amid rising public concerns over crime, migration, and security.

    Read More....
  • On Vijay Diwas 2025, President Droupadi Murmu inaugurated the Param Vir Dirgha at Rashtrapati Bhavan, honouring India’s 21 Param Vir Chakra awardees and celebrating supreme military bravery.

    Read More....
  • India and Oman signed a landmark CEPA, granting zero-duty access to most Indian exports, opening key service sectors, and enhancing professional mobility.

    Read More....
  • International Migrants Day, observed on 18 December, recognizes the contributions of migrants worldwide and highlights the challenges they face in an increasingly complex global environment.

    Read More....
  • India is set to build Maitri II, a next-generation Antarctic research station, by 2032 to strengthen its polar science and climate research capabilities.

    Read More....