Vedanta-Foxconn Deal to Make Iphone in India| details inside

 Vedanta-Foxconn Deal to Make Iphone in India| details inside

19.5 billion USD Deal to Setup semiconductor and Iphone, tv manufacturing unit in Gujarat. After long buzz of Apple manufacturing finally everything is clear about the manufacturing. 

In India foxconn has signed their agreement with vedanta for manufacturing its Iphone. Anil Aggarwal led Vedanta will have a 60% equity stake in the venture and foxconn will take 40% remaining stake. 

Vedanta Limited is an Indian multinational mining company headquartered in Mumbai, India, with its main operations in iron ore, gold and aluminium mines in Goa, Karnataka, Rajasthan and Odisha.

Foxconn internationally, is a Taiwanese multinational electronics contract manufacturer with its headquarters in Tucheng, New Taipei City, Taiwan.