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
  • Prime Minister Narendra Modi chaired the 45th edition of PRAGATI to review key projects worth over Rs 1 lakh crore.

    Read More....
  • The RBI has set up a panel to develop a framework for the ethical use of AI in the financial sector.

    Read More....
  • Indian Railways has placed a Rs 978.61 crore order for installing armour systems on 1,200 locomotives.

    Read More....
  • On Christmas Eve 2024, President Joe Biden signed a law officially declaring the Bald Eagle as the national bird of the United States.

    Read More....
  • Rashtriya Ispat Nigam Limited (RINL) won the Gold Award at the AP State Energy Conservation Award 2024 for its excellence in energy conservation in the iron and steel sector.

    Read More....
  • China has approved the construction of the world's largest dam on the Brahmaputra River in Tibet, near the Indian border. The project, costing USD 137 billion, is set to be the largest infrastructure project globally.

    Read More....
  • BPCL (Bharat Petroleum Corporation Limited) plans to invest $11 billion in a new refinery project in southern Andhra Pradesh.

    Read More....
  • Olympians Maheshwari and Anantjeet won the National Skeet Mixed Team title for Rajasthan, showcasing their exceptional skill and teamwork in the competition.

    Read More....
  • Vijayveer Sidhu won the men's 25m rapid fire pistol title at the 67th National Championships, marking a significant achievement in his shooting career.

    Read More....
  • Union Home Minister and Minister of Cooperation Shri Amit Shah chaired a review meeting of Bhartiya Beej Sahkari Samiti Limited (BBSSL) in New Delhi.

    Read More....