Supplier to Apple Foxconn has backed out of a $19.5 billion (£15.2 billion) agreement with Indian mining company Vedanta to establish a chip manufacturing facility there.
The decision was made less than a year after the businesses revealed their intentions to build the plant in Gujarat, the home state of Prime Minister Narendra Modi.
According to some commentators, it represents a setback for the country's ambitions in the technological sector.
A government minister claims that it won't have any effect on the nation's plans to produce chips.
Foxconn, which has its headquarters in Taiwan, told the BBC that it will now "investigate more varied development opportunities."
The company did not provide any information as to why it withdrew, only that the decision was taken in "mutual agreement" with Vedanta, which has assumed full ownership of the project.
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