China needs to do a lot more to move commodity demand: Rakesh Arora

economictimes.indiatimes.com:

«I would say that this deal was never in the making and nobody in the market expected it to go through because if you look at Foxconn’s history it is of broken promises that they made across various countries including US, Indonesia,» says Rakesh Arora, Go India Stocks.com.Now let us begin with the stock of Vedanta. It came as a bit of a surprise with respect to Foxconn walking out of the deal and now the question is — A) where will the Vedanta get the money from and secondly, what happens to the technology that they needed? Your take.I would say that this deal was never in the making and nobody in the market expected it to go through because if you look at Foxconn’s history it is of broken promises that they made across various countries including US, Indonesia. So, people were not very confident that Foxconn is a serious player.

And secondly, Vedanta itself is going through a lot of financial issues. They do not have the wherewithal or the funding to be able to do this kind of big project. So, this thing was a non-starter from day one and it does not come as a surprise at all that this has been called off.That is quite an interesting take I must say. But tell me then, so neutral impact on Vedanta or no impact, you think? There is no impact.

Nobody expected anything. Nothing is happening and that is the status quo.What is going to be now the next course of action perhaps from Vedanta in terms of the options that are laid out because it was in May this year as well that the joint venture was reported to be struggling to tie-up with a technology partner. So, how do you think they can leverage the overall tech expertise now?Vedanta is struggling for finances.