The Indian mining major Vedanta has inked an MoU with Taiwanese electronics manufacturing company, Hon Hai Technology Group (better known as Foxconn) to form a joint venture (JV) for manufacturing semiconductors in India.
The dialogue was co-chaired by Union Minister for Power and New & Renewable Energy, RK Singh and Australian Energy and Emissions Reduction Minister Angus Taylor.
Former Reserve Bank of India (RBI) Governor Urjit Patel has been appointed as Vice President of the multilateral funding institution Asian Infrastructure Investment Bank (AIIB) for three years.