Foxconn - Vedanta never had a technology partner which was one of the criteria of the incentives

My prediction is that Foxconn will be back but this time with a partnership with reliance post 2024 elections.

I think ease of doing business is to be made for attraction of outsiders

Just read news yesterday that AMD is going to setup it's chip processing unit in banglore

Trust is a big issue.

Foxcon after breakup has clearly stated that they will still do semiconductor manufacturing with other partners vedanta also said that they will also manufacture the chips independently

Previously Foxconn also pulled out from a 10bn deal in USA. So it's not new, hope they create another deal with another Indian company soon.

i am a businessman and I know it gets very hard when most of the government departments get involved in business and expect kickbacks.

Correction: First deal was made with Maharashtra

We can't fix it. Majority in our country doesn't want to move in the direction of development in technology. Its not just Solar , you will also see the same in the field of Artificial intelligence. Most of our governance aims to compete with other countries rather than grow, outsourcing rather than researching and developing and lastly being in governance no matter if they have to create choas,they will.

Vedanda's big problem is their debt is in us currency with raising interest rates and their income in Indian rupees.... So there is no way for them to solve this debt problem... Hence let alone Foxconn no one wants to sail in a sinking ship

My god ! 1 deal doesn't go through and suddenly everyone is so critical of India and Indian companies!

Again, we suffered due to politics. Foxconn agreed to set its plant in Maharashtra, but due to the biased behavior of centre towards maharashtra, government shifted it to gujrat, where conditions are not appropriate.

me who brought vedanta shares last year even though I know about it's debt , just because of this deal 🗿

I think this is the first think school short i have seen, and the solution is to aim lower first, we have to first developed the basic 64 and 40 nm fabs in india and develop an ecosystem for semiconductor fab as the news and articles quote we have 20% semiconductor chip design workforce of the world but we need the equally talented workforce for manufacturing that will take time to build, plus most of the common semiconductor used are 64 and 40 nm in electronic, vehicle, we should target them to reduce the high value export. The most important thing is with no semiconductor manufacturing base India can't ask top global fab to come in india and build advanced semiconductor chip of 12nm or 28nm, the investment for this fab go in multiplier and the incentive on the table by indian govt are low compared to other major players, but they are there and i hope to see 2- 40nm semiconductor fab, vedanta do have debt problem, they have to pay there long term debt which are maturing in fy24, fy25 and fy26, its about 6 billion, the price of mental is down and they are dependent on high dividends and on the sale of there asset in Hindustan zinc, the cash reserve in vedanta ltd the indian arm are also depleting, if they can't get the asset sale they will have to take loan or sell some equity to pay back the debt, other than these debt problem [they are also spending money on chips, lithium reserve which will be auction later this year and other minerals. Mr Anil agarwal is planning to invest hugely on the perspective of indian growth in upcoming 2 decade( this is just my speculation part)]

Dude setting up semi-conductor business is no joke. PM Modi, along with Gujarat CM Patel would have to get involved personally if they want to see this happen.

This reel needs to be shared! Sab bas mine nikla hai, itnaa bada growth hai start up hai wagera wagera karne se nahi hoga! Your government has to be smart and fast! Aise hi nahi china mei sab companies jaate hai

There was a quote my professor said us he was a electrical engineer professor teaches us vlsi the quote was "India is never gonna make semi conductor because India is too poor in mindset to give money initially" this was said after why IT boomed in India because there is no initial cost for it sector but where as in electronics and manufacturing sector there is a large initial cost and India is chep and need fast returns for no initial cost 😂

We have to facilitate a window for other like minded companies to collaborate with giants like foxconn And we can even try it outside Gujarat Like south or east

Government offices are slow in every aspects of work and many government employees sleep in their cabins during working hours. Even one file to get signature takes one month by the government offices 🤣🤣🤣🤣🤣😓

As a person who has worked for the world’s biggest semicon company ASML, I can tell you that it will be near to impossible for India to kickoff this sector. The reason is the amount of resources required to have a sustainable industry. You will need uninterrupted power supply for starters. Each second lost is a loss of 1500 rupees. Strikes are unimaginable. Ultra pure water needs to be maintained at 20 degrees with a maximum variation of upto 0.01 degrees. Also, you need great roads to supply all the chemicals needed for the industry… chemicals are highly dangerous and high end safety systems are indispensable. Clean environment rooms will need to be maintained at international standards. By that I mean no more than 1 particle of within a 1 cubic metre volume, with each particle not exceeding 1 micrometer. Now, go figure…. People underestimate the requirements before jumping to conclusions.

I believe some other favoured Indian giant will be getting it 😊

Give 10% under the table

the issue with semiconductor industrial complex is always conservative let me explain on 20min long typical effort i have check the price list of data storange there various established brand with various offer on specs n price n there list newbie product that always with less favorable offer the newbie always come with the higher price to specs ratio Their product will never have major share in the market as it will only accidentally take by minor buyer that have less consideration in their expense This seal their fate from being major player as their fund will not improve independently Thats bcoz u need high cost to acquire production assembly of nano technology Especially in starting new assembly line that make 1st production batch is progressively expensive So does with acquisition cost for up to date production technology While if u only have cost for old version u will out of competition Bcoz older version mean less production efficiency per transistor It isnt the business that will allow u to success with insufficient fund If private sector have lack in capacity Than government need to be dedicated for total n complete support Or not at all

Ye news purani nahi ho gayi?

India needs to create Infrastructure for giant Tech companies. This should be first priority 😢

Foxconn Industrial Internet, a subsidiary of Foxconn, plans to invest up to $200 million to set up an electronic components plant in Chennai, India. The plant is expected to be completed by 2024.

My physics teacher told , that India is one of the least semiconductor producing country , means we don't have the production then the alternative can only be foreign countries , that's what I think

Wait Karo Aaj hi gujarat me semiconindia 23 ki meeting hai koi naa koi good news aahi jaaegi...

How about Tata electronics already started facility in Gujarat and Assam

the only PULL OUT that was done without risk 🌚👀

If India wants to be true semiconductors they should not rely on another company (which is difficult but not impossible). We have to see the next stage to go into quantum computing simultaneously then it would be great for us.

Inefficiency in management caused due to lack of ambitious people who believe in company's work.

💡India needs a government agency that has as its focus national growth in important technology for NATIONAL SECURITY & for NATIONAL PROSPERITY.🎯 👉🏿The agency would ideally be led by tech savvy individuals, possibly scientists or tech CEOs, with a mandate to increase India's position in key areas with the legislated power to connect national companies with international partners that will produce a profitable synergy for both and the AUTHORITY TO APPROVE THESE DEALS without any political considerations other than those laid out in the agency's approved mandate.👍🏿

This is also because of the stringent laws for manufacturing in India. India will have to make a manufacturing friendly environment.

Congratulations 🎉👏🏻 1 Semiconductor plant has started production since March 24 & 3 more plants are under construction.

Now, foxcon is going solo and open 4 fabrication units instead of 1

I think latest news on this is that Foxconn has now promised to invest that money individually. Young Liu has said this in Semicon india summit. Also some other players like micron technologies is getting in…

If you dont know then here is the fact. Foxcon wanted upfront subsidy prior to starting any units. Means no plant setups, no chip machines, only two or three management people just roaming around stating soon company will start. They did a similar thing with Missouri state usa, they took 200mn as subsidy from them stating here they will open big chip processing plant. And now they have just opened the office but no productions.

Govt has to prepare for digital India without digital devices

It's a small thing, don't worry about this. Wait until 2047, and you will see India emerge as a semiconductor hub. These small hurdles are nothing.

First things first. We need to change our government for an accelerated growth✌🏼

Please make a detailed video about this.

Better financial balance sheet scrutiny by Government agencies and Companies themselves too. 🙏

Semiconductor production is one of the major drawbacks of Indian market as almost all of the semiconductor devices we install in all (even the ones which are a part of ‘Make in India’ movement) electronic devices are imported

Sceme announce karke foreign companies invite karna is one thing , vo promises implement karna is the most difficult task

we can overcome this with win win ideas.

This happens because of 2 things. 1. Government bureaucracy 2. "I need to make money before the company can" business model which most start ups and mid tier companies now sadly follow.

To be fair, Foxconn is notorious for promising investments and backing out at the last minute.

India should stand-on its-own by non dependency on others formulating alternatives possible, and reducing debts by cutting unnecessary expenses and by focusing on prime priority and other actual needs market needs they can provide in best possible way.

Business deals comes and goes, in the end its purely business

Possible - If I want to do business and register with the Government of India, they should assign a representative to handle all the government formalities within a stipulated timeframe without any cost to me.

America is the only country that can produce top quality graphic cards for gaming and ai. In the coming ai revolution this will be a crucial sector.

Both new in the industry is the main reason

i think there are some layers of truth that are not public. Present government in the center surely would support such a progressive project.

Ford,Xaomi, Vodafone,.BYD, …. A pattern emerges.

I think the initiative of the Gift City in ahmedabad is a good move by the govt. But the govt. Should invest more in marketing such SEZs to the foreign companies to get more direct investment from countries which can really help in india's development

Foxconn will be back in india "it announced recently" but with other partner

FYI, Foxconn has decided to go solo in setting up plant SC plant.

So called Sarkari damad, Babugiri and bureaucracy is biggest hurdle of growth.

Bro plss keep urself updated.Foxconn has clearly said that they are not pulling out their investment from India instead they are finding new partner and the current reports say that Foxconn is in talks with Tata group..Tq

"DO YOU KNOW" they parted their ways because they both didn't know how to mass produce very high quality micro chips and also foxxcon is looking for other partners in India now.

India is slow and in decisive decision making and always behind the curve: BEL remember anyone?

We can fix this by developing and investing our own technology rather than investing in foreign companies. We need much bigger and stronger entrepreneurial eco-system and skilled executives ecosystem. At the same time we need to merge this two eco-systems to form a system that can produce valuable companies.

It is now time for a big Indian conglomerate to take up this deal in their hands like Tata or Reliance. There must not be an issue with debts and both these companies are consistently growing.

Bro just casually talking about chip production as an easy game task

Was hoping youd tell us how to fix this😅

That's what crony capitalism leads to. Soon they will partner with someone else, build a plant in some other location.

Bring back the initial plan of setting up in Maharashtra..... This suddend divisions of shifting the plan to gujraj shows how much politicians control companies which is bad for attracting foreign investors who wants a market free of politics...

Also it can be western pressure .. Because of India's position in Ukraine war

Foxconn will be back but this time with the Tata or maybe with any newly created State-owned vehicle but only after getting a Tech Partner to enable sustainable semiconductor manufacturing in India...But it shall happen very soon almost in a year or less itself.

Foxconn need to partner with Tata

Any foreigner company to start its business in india for the first time should know that they would be able to start businesses in india only if they are willing to pay bribe to multiple level of official, start with local politicians, police and then comes state and list goes on, u have to fill all their pocket and keep them happy and only then your business might get kick off. Otherwise it wont be possible.

probably the skilled professional moving out of India. Engineers (lower level) feel insecure economically and about employment because of very specious practice by policy makers

Foxcomm is into assembly, testing and packaging, not into semiconductor chip manufacturing, Vedanta doesn't have any presence in semiconductor space, so technically, both of them doesn't have technology to make semiconductor chips, they tried to make money under PLI scheme.

I think the S&P's reports which say that India cannot pay back its debts might have also influenced Foxconn decision to pull out the investment

It’s not the end of the world. We have more brains n capabilities n we should throw away the begging bowl n start using our own knowledge n capabilities with confidence to be on the top of the universe in technology n prosperity like before 👍

Modi hai too mumkin hai

even Apple and Tesla are specticle. Many big companies are not coming as the policies makers and implementers are not the correctly carrying out the policies. This is not only going to be just a setback. The question of trust is badly affected.

India never fails to disappoint

Kindly make a Video and Tag / post to government Authorities And send us the post link we want to ask government why why it is happening and when this will gets fixed, We want this to get Happen 🙏🙏🙏

We have TATA is going a head to manufacture semiconductor.

Simple boss Adani should enter into Semiconductor business Then govt will flood the money & incentives

New deal will be with Adani next year

Companies need to follow due diligence when doing business. If you think current govt red taping is bad, you need to see how difficult congress govt had made for new business to start.

Bhaiya when will videos start coming at hindi channel ?

Just one entity is out and we Indians are already skeptical and calling it a roadblock. The roadblock is exactly this mindset. Foxconn has had a history of pulling out of ventures. Study its graph and one will know. Its no big deal

Simple Funda be a debt free company so the investor get trust and public too

India supports Russia. Chips made in India would end up in Russia.

Indian has lot of money to invest, first create 100 billion dollar startup fund.

This is not set back for India it is set back for Vedanta… India still has this deal .. they are finding different company to partner with..

NPCI type public sector subsidiary of ISRO DRDO or BARC with complete immune to all sought of laws such as Factories act and other related acts and GIFT CITy KIND of specia status to be given to Semiconductor Village which should house all companies in one place ..

Andhbhakts :- Pakistan was behind this😂😂😂

Recently HCL announced semi conductor plant with investment of 10 billion Where father's dreM were full filling by daughter ROSHINI Badar

Incentive delay maybe caused due to election preparation and politics, while the debt reason is obvious 🙄

Maybe a government bailout ? Yes with heavy terms and conditions?

Bro india needs to ease up and allow foreign businesses to flourish in india

Better to get some Indian big bulls like tata, reliance or others to get their own chip manufacturing plants rather than getting the outsiders to the developing chip war

Foxcon didn't pull out their investments out of India instead they are plan to invest 5 billion dollars for chip manufacturing over the next five years and they also have connected with Karnataka govt and are building 200 million worth of manufacturing factory which will be finish by 2024 and also our honorable PM have recently talk about facilitate and building and eco system for semiconductor, so hoping for bright future for semiconductor industry in India

Can you please make this more simple