ANI
18 Sep 2023, 13:55 GMT+10
New Delhi [India], September 18 (ANI): Taiwanese electronics major Foxconn aims to double its workforce and investment in India by next year, a company representative based in India said on Sunday.
"Under your leadership, Foxconn has grown smoothly and rapidly in India. We will work even harder to present you with a greater birthday gift next year, aiming for another doubling of employment, FDI, and business size in India," V Lee, Foxconn Representative in India, said in a LinkedIn post, wishing Prime Minister Narendra Modi on his birthday.
Lee, however, did not give more details about its plans.
Foxconn has rapidly expanded its presence in India by investing as part of its supply chain diversification from China in an evolved post-pandemic world order.
Recently, the Karnataka government and Foxconn have signed the Letter of Intent (LOI) for two projects with an estimated investment outlay of Rs 5,000 crore.
Foxconn Chairman Young Liu was in India in late July to attend SemiconIndia 2023 in Gandhinagar and subsequently visited Chennai. Prime Minister Narendra Modi met Foxconn Chairman Young Liu in Gandhinagar and welcomed the company's plans to expand semiconductor and chip manufacturing capacity in India.
Foxconn too signed a Letter of Intent to set up a new mobile components manufacturing facility at a cost of Rs 1,600 crore in Kanchipuram district in Tamil Nadu. (ANI)
Get a daily dose of Business Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Business Sun.
More InformationNEW YORK, New York - U.S. stocks weakened on Friday as U.S. Treasury yields continued to point higher while some ...
DUBAI, UAE - The bustling real estate market in Dubai has surged to unprecedented heights, reporting transactions valued at over ...
SHANGHAI, China: A survey published this week by the American Chamber of Commerce (AmCham) in Shanghai showed that political tensions ...
NEW YORK, New York - U.S. stocks and bonds caught on to a global trend Thursday as sellers took charge ...
NEW YORK, New York - Interest rates could stay higher for longer, but there is the possibility of rate cuts ...
STOCKHOLM, Sweden: Days before the Riksbank, Sweden's central bank, is expected to again raise interest rates, the Swedish krona hit ...
PARIS, France: Amid the imminent launch of the iPhone 15, unions representing Apple store workers in France have called for ...
ANKARA, Turkey: During a meeting, Michael Evans, President of the Alibaba Group, told Turkish President Tayyip Erdogan that the Chinese ...
ABU DHABI, 21st September, 2023 (WAM) -- UAE Banks Federation (UBF) reiterated its commitment to supporting efforts that enhance secure ...
Since ChatGPT's release in late 2022, many news outlets have reported on the ethical threats posed by artificial intelligence. Tech ...
The United States on Wednesday announced a $255 million program it says will support emerging democracies.As part of the effort, ...
Amsterdam [Netherlands], September 20 (ANI): The International Criminal Court (ICC) has said it experienced a cyberattack last week after hackers ...