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Foxconn withdrew from the JV with Indian metals-to-oil conglomerate Vedanta on Monday, in a setback to Prime Minister Narendra Modi's chipmaking plans for India.
It will be the first semiconductor manufacturing facility in India, said Union Electronics and Information Technology Minister Ashwini Vaishnaw, adding that the first chips will be manufactured within 18 months
Kalliyath is taking giant leaps globally.
Both buildings had a common owner, a Madras-based industrialist Muthiah Chidambaram Chettiar.
The author has characterised nearly 50 other enterprises, scattered all over Kerala as having overcome the problems of the state to become first-rate technological enterprises.
The move is targeted to help India, one of the world's biggest greenhouse gas emitters, achieve net-zero carbon emissions by 2070. Reuters reported last month about India's plans for a green hydrogen incentive programme.
According to the report released by Bain & Company, the domestic EV sector has already seen USD 3.7 billion private equity and venture capital investments in this space over the past three years, and this number looks set to increase significantly as the industry transforms.
Pinarayi Vijayan on Thursday inaugurated the revamped Kerala Paper Products Limited at Velloor.
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