Vedanta Group and Taiwan Foxconn deal for Semiconductor manufacturing
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Vedanta Group and Taiwan Foxconn deal for Semiconductor manufacturing
Vedanta Group and Taiwan Foxconn deal for Semiconductor manufacturing. Indian company Vedanta owned by Adani and Foxconn has done deal of worth 1.54 lakh Cr. or above 20 billions dollars deal to manufacture Semiconductor in Gujrat India. It is a historic moment for India and indian economy. This step is being considered as game changer and a step towards making Bharat Self reliance superpower. This deal will promote electronic items like Mobile phones, TV, fridge, laptops,computors, electronics vehicles in India and cost of manufacturing will go down significantly. Taiwan's company Foxconn is a giant in Chip production worldwide. This deal will have bigger impact on economy and employment in India. India will now be in elite league of few countries who produce Semiconductor chips. USA, Taiwan, China are those few proud nations.
Plant will be set up in home state of PM Narendra Modi but locations still not decided. Soon announcement of it will happen. Right now Government of India confirmed the deal between two. This deal is more bigger then 75 Nations economies. I as Indian feeling very proud to write this article for you. Today Make in India has achieved something very precious and significant. This deal may make even USA envy of India. China and Pakistan premiers has now biggest shock of life. Through this deal India and Taiwan has come more closer. Without excellent diplomatic relations and government involvement this kind deal was near impossible. Now India may come in direct support of Taiwan and this news made China more worried.
How Indian prospective Vedanta Foxconn semiconductor deal will change game ?
In my point of view There will be many changes after this deal nationally and globally. these are few observations:
1- Through Vedanta and Foxconn deal of Semiconductors, One lakh direct employment and min 5 to 15 lakh indirect employment will be generated though this deal.
2- Boost to Make In India programme especially electronics gadgets and vehicles. Every such Company are dependent on Chip exports but once manufacturing starts in India, dependency and cost both will go down immensely.
3- India will be a global supplier of Semiconductors for which he is dependent on other nations right now. We recently during last Diwali saw shortage of it and it hampered our growth in many industries including car manufacturing.
4- One more shock for China and its electroics market. Now india will stop buying chips from China soon within 2 -3 years. India will also boast its market in same industries. India has enogh skilled manpower and potential to make quality products in very competitive price. It will affect Neighbouring economic superpower Nation.
5- India & Taiwan relations may take a big leap and bond may grow at highest level. May be in future India consider to Accept Taiwan as seperate Nation. Taiwan may get another trust friend in India. Taiwan has one in form of USA but India geographic location makes it more dangerous to China.
6- Dream of making India superpower and 5 trillions economy Nation seems much easier now. It will surely help economies within India too by giving employment. This deal may inspire other businessmen to take up such challenges to develop Our country.
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Jai Hind. 🙏
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