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Top related persons:
Anil Agarwal - 2 Foxconn - 2 Vedanta - 2 Taiwan's - 1 Taiwan's Foxconn - 1 Foxconn's pullout - 1 Aleef - 1 Savio D'Souza - 1
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BENGALURU Gujarat Bengaluru DELHI Mumbai India Zambia Namibia
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Thomson - 2 Vedanta Semiconductors - 1 Sethuraman - 1 Vedanta - 1 Resources - 1 India's - 1 Forbes - 1 JV - 1

Search resuls for: "Akarsh Hebbar"


2 mentions found


☆ India's Vedanta says it's awaiting govt nod for semiconductor plant in Gujarat
  + stars: | 2023-07-18 | by ( ) www.reuters.com   time to read: +1 min
BENGALURU, July 18 (Reuters) - India's Vedanta is awaiting government approval for incentives under a modified semiconductor production plan to begin construction of a plant in the country's western state of Gujarat, for which its has tapped technology and equity partners, a top executive said on Tuesday. The group already has a partnership with Taiwan's Innolux for display fab manufacturing, he added. After Foxconn pulled out, Vedanta said it had lined up partners for the venture, without giving details. Separately, Gujarat is holding talks with Foxconn over a semiconductor plant, while the Taiwanese company had said it intends to apply for incentives under India's semiconductor production plan. Reporting by Sethuraman NR and Aleef Jahan in Bengaluru; Editing by Savio D'Souza and Maju SamuelOur Standards: The Thomson Reuters Trust Principles.
Persons: Taiwan's, Anil Agarwal, Taiwan's Foxconn, Foxconn, Vedanta, Foxconn's pullout, Aleef, Savio D'Souza, Maju Samuel Organizations: Vedanta Semiconductors, Reuters, Sethuraman, Thomson Locations: BENGALURU, Gujarat, Bengaluru
☆ Troubles of Indian tycoon Anil Agarwal's Vedanta mount as Foxconn ditches JV
  + stars: | 2023-07-11 | by ( Tanvi Mehta | ) www.reuters.com   time to read: +3 min
He then expanded his empire across India, Zambia, Namibia, Ireland and South Africa and later entered the oil and gas sector. London-headquarted Vedanta Resources controls the India unit, Vedanta Ltd. Agarwal took Vedanta Resources private in 2018. Vedanta's gross debt stood at $6.8 billion as of April end, after the company completed 75% of its debt reduction commitment. FOXCONN JVVedanta-Foxconn had sought incentives from Prime Minister Narendra Modi's government and several Indian states for its Foxconn JV to manufacture semiconductors. Relations between Zambia and Vedanta broke down several years ago and culminated in the state appointing a liquidator for the KCM assets in May 2019.
Persons: Foxconn, Anil Agarwal, VEDANTA, Agarwal, Agarwal's, Akarsh Hebbar, Moody's, Narendra Modi's, Paul Kabuswe, Vedanta, Tanvi Mehta, Aditya Kalra, Sonali Paul Organizations: Vedanta, Resources, India's, Forbes, JV, Reuters, Thomson Locations: DELHI, Mumbai, India, Zambia, Namibia, Ireland, South Africa, London, Tamil Nadu, Odisha
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