In the News
FDI into India - Foxconn and Vedanta to build $19bn India chip factory
14th September 2022
Here is a good example for your globalisation / development notes. Taiwanese giant Foxconn and Indian mining company, Vedanta, has agreed a joint venture to build a semi-conductor plant in India, the third group to announce plans to build such a factory.
Not only might this help the global semi-conductor shortage, but it will also have a multiplied effect and might speed technology transfer to India, further boosting long-run growth.
Graham Watson
Graham Watson has taught Economics for over twenty years. He contributes to tutor2u, reads voraciously and is interested in all aspects of Teaching and Learning.
You might also like
Interpreting the Balance of Payments
Topic Videos
Outward Migration from India - Brain Drain or Brain Deposit?
8th November 2015
Ethiopia opens new railway line
5th October 2016
From Seamen to Siemens - Hull's Economy has Wind in the Turbines
2nd January 2017
Brexit likely to hit FDI into the UK
26th March 2018
Globalisation - Apple shifts iPhone production from China to India
27th September 2022