Operational expansion to ‘Foxconn City’: A look at Foxconn’s India announcements
Telangana state has offered about 2,000 acres of land to Taiwanese contract manufacturer Foxconn to set up a ‘Foxconn City’, similar to its facilities in its home country and China. Karnataka and Tamil Nadu are also aggressively courting the company to set up the industrial township.
As India’s place gets cemented into Foxconn’s future plans, here’s a look at major expansion announcements made by the company recently:
Total investment: Foxconn has invested $1.4 billion in India till date. Chairman Young Liu, a Padma Bhushan awardee, said India is an integral partner for the company and its business here has grown to over $10 billion till 2024.