BENGALURU :India's Vedanta fell over 2 per cent on Tuesday, a day after Taiwan's Foxconn said it withdrew from a $19.5 billion semiconductor joint venture with the metals-to-oil conglomerate.
Foxconn's withdrawal from the project deals a blow to Indian Prime Minister Narendra Modi's chipmaking plans in the country, which had become a top priority for India's economic strategy in pursuit of a"new era" in electronics manufacturing.
Source: News Formal (newsformal.com)
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