Indian govt, Foxconn's worries over Vedanta's financials may have led to JV pullout

Indian govt, Foxconn's worries over Vedanta's financials may have led to JV pullout

FILE PHOTO: A Foxconn shareholder poses for photos after the annual shareholder meeting in New Taipei City, Taiwan May 31, 2023. REUTERS/Ann Wang

The Indian government and Foxconn had concerns over the financial situation of Vedanta, which led to the Taiwanese company parting ways with Vedanta on a chipmaking joint venture, sources familiar with the information told Reuters.

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