|| SHANIWAR SAMWAD || 15-07-2023

 Foxconn and Vedanta, dissolved their joint venture for Fab manufacturing unit. They were first to apply for Indian Semiconductor Mission in 2022.

They announced their plan, now they are finding other partner for same. There plan to bring other partners for same. Other global players are coming to our country due to market and incentives offered by central and state government. 

The total quantum of money is around 75% of the plant  investment.

Now, this will only delay for sometime but not permanently stall the project. Others who are sitting on fence are coming with proposals and will get requisite permission for same.  The investment is huge and technologies are varied, it is taking time but things are coming as we want. 

The prices of tomato and other vegetables are making headlines for some times. A market visit gave some strange picture where merchants are not selling tomato's nor storing, usually they are selling it solely. Even hawkers who only sold tomato's are now selling other vegetables.

A talk with hawker in locality says it is better to sale other  vegetables than tomato because people stopped purchasing the same due to cost and it is not readily available in wholesale market, but it is making headlines. The issue is seasonal. 

If we see data for last decade the issue was there so today. We have not made any progress on the same but keeping the issue as it is. We know the shelf life of vegetables are of shorter period but we do not have enough cold storage facilities to store in various part of country to give fair price to farmers and also a cost effectively to consumers.

This is not first time but it is continuously happening, but if we allow small players to provide storage facility with bank funding with priority sector tag will give small storage facility in rural area which will cost effective and beneficial to all. Either by FPO or PACS.