New Delhi, Jul 10 (PTI) As Foxconn decided to pull out of the semi-conductor joint venture with Indian conglomerate Vedanta, the Congress took a swipe at the BJP, saying "whether Gujarat Model or 'New India' never trust the manufactured headlines".

The Opposition party's swipe came after Taiwan's Foxconn announced the break-up and said it is "working to remove the Foxconn name from what now is a fully-owned entity of Vedanta".

Also Read | Government Plans To Purchase 26 Rafale Jets for Navy, Deals Likely During PM Narendra Modi's France Visit.

Reacting to the development, Congress general secretary Jairam Ramesh said, "Remember the publicity at the time of announcing the project? Gujarat CM even claimed 1 lakh jobs will be created! This has been the fate of many MOUs signed in Vibrant Gujarat summits year after year, and will be the fate in other such copycat summits like Global Investor Summits in UP."

In another tweet, he said, "So Foxconn-Vedanta is off. But Micron still seems to be on for semiconductor chip assembly, packaging and testing."

Also Read | Iranian Rapper Given 6-year Prison Sentence over Protests.

"Micron though is putting up just 30% of the USD 2.75 billion with 50% coming from the Centre and 20% from the Gujarat Govt. By any standards this appears to be a hugely hefty subsidy to an American company," Ramesh claimed.

Foxconn has withdrawn from a USD 19.5-billion semiconductor joint venture with mining baron Anil Agarwal's Vedanta Ltd as the venture struggled to get a technology partner to make chips that are used in mobile phones to refrigerators and cars.

In a statement, Foxconn, the world's largest contract electronics maker, said it "has determined it will not move forward on the joint venture with Vedanta.

Agarwal's metals-to-oil conglomerate responded saying it was "fully committed to its semiconductor fab project and we have lined up other partners to set up India's first foundry.

It, however, did not give details of the new partners.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)