As Foxconn dumps $19.5 bn chip plan, Uddhav camp's regret: ‘Maharashtra could have
Foxconn's withdrawal from its chip joint venture in Gujarat has sparked controversy over Vedanta's decision to choose Gujarat over Maharashtra
Shiv Sena (UBT) is criticizing the Eknath Shinde-led administration for what it calls a "tragedy" after Taiwanese electronic contract manufacturer Foxconn withdrew from its chip joint venture, reigniting the debate over Vedanta's selection of Gujarat over Maharashtra. Aaditya Thackeray, a Sena (UBT) MLA, asserted that the project was entirely possible in Maharashtra and questioned the Maharashtra government as to why it was abruptly moved to Gujarat.
This is a loss for India, and Maharashtra might have been the catalyst for India's economic story, said Thackeray, who has been outspoken on the subject ever before Vedanata announced that the plant will be built in Gujarat.
The loss of Vedanta-Foxconn to Gujarat, according to Thackeray, was "like rubbing salt on the wounds of Maharashtra." Thackeray claimed that the current government had lost numerous industrial contracts to neighboring states.
He wrote in a tweet, "Today we see India and India's young and jobless missing an opportunity in a global growth story because of this unexpected last minute shift from Maharashtra that had been most practicable.
Rajya Sabha member and leader of the Shiv SenaPriyanka Chaturvedi said, "Taking it away from Maharashtra to Gujarat - which experts claimed wasn't appropriate for the semiconductor industry - has caused a plan to fail before it even got off the ground.What a disaster.
The first foundry to be built in India will be built by Vedanta, which has lined up other partners and said that it is totally committed to its semiconductor project. Vedanta stated that it has intensified efforts to realize Prime Minister Narendra Modi's vision for semiconductors and that India continues to play a crucial role in realigning the world's supply chains for semiconductors.
We have lined up additional partners to establish India's first foundry, and Vedanta affirms its unwavering commitment to its semiconductor fab project. We have the license for 40 nm production-grade technology from a well-known Integrated Device Manufacturer (IDM), and we plan to expand our semiconductor team, according to a statement from Vedanta.
The company had previously declared plans to invest approximately 1.5 lakh crore in Gujarat to build its chip facility. Foxconn, a joint venture partner, has declared that it will abandon the project.
The ambition of India to build semiconductor production plants is unaffected by Foxconn's decision to leave the Vedanta joint venture, according to Minister of State for Electronics and IT Rajeev Chandrasekhar.
"Its not for govt to get into why or how two private companies choose to partner or choose not to, but in simple terms it means both companies can & will now pursue their strategies in India independently, and wth appropriate technology partners in Semicon n Electronics," tweeted Chandrasekhar.
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