Some analysts say Foxconn's decision marks a setback to the country's technology industry ambitions.
Apple supplier Foxconn has pulled out of a $19.5bn deal with Indian mining giant Vedanta to build a chip making plant in the country.
Taiwan-headquartered Foxconn told the BBC that it will now "explore more diverse development opportunities". "We will continue to strongly support the government's 'Make in India' ambitions and establish a diversity of local partnerships that meet the needs of stakeholders," Foxconn added. "The apparent cause of the pull-out is the lack of a clear technology partner and path for the joint venture," he added. "Neither party had significant experience with developing and managing a large-scale semiconductor manufacturing operation."said on TwitterMr Chandrasekhar added that Foxconn and Vedanta were "valued investors" in the country and "will now pursue their strategies in India independently".
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