Foxconn-Vedanta JV of $20 Bn went to Gujarat. Semiconductor company to start in 2 years. One Lac Jobs expected from it
Politics in Maharashtra over Vedanta-Foxconn Semiconductor Project moving out of Maharashtra to Gujaratintensified after Aditya Thackeray blamed Shinde-Fadanvis duo
China, Taiwan, South Korea, USA etc. are large producers of Semiconductor Chips required for Mobiles, Automobiles and Electronics etc.
Vedanta - Foxconn signed MoU with Gujarat Govt yesterday. Both companies will invest Rs. 1.54 Lac Crores in the Semiconductor facility in which Foxconn will act as Technology Partner
Experts believe that Dholera Sir city will be shortlisted for the project But company said Location is not yet finalized it will be finalized in coming 2 months itself based on studies by experts
Dholera Special Investment Region (SIR)is being developed as first planned Smart City in Gujarat where Adani Group SEZ is already present and New Airport in Fedara, Ahemadabad is being built
In the last 3 years 'Vedanta shares has given 95% returns to investors thanks to aggressive merger and acquisitions by Vedanta Group in India, London and other countries.
Vedanta share closed 7% down after Company clarified that proposed project is not under Vedanta and it will be undertaken by the ultimate holding company of Vendanta, Volcan Investments.
Stocksbaazigar believes
Vedanta Ltd is diversification in completely unrelated sectors. Demerger of Oil and Gas business, Mining Business etc. can unlock value in future.