Foxconn
Foxconn chief meets PM Modi, explores investment plan in Karnataka, Tamil Nadu and Andhra Pradesh
New Delhi/IBNS: Young Liu, the chairman of iPhone contract manufacturer Foxconn, on Wednesday (Aug 14) met Prime Minister Narendra Modi and discussed the Taiwanese tech company's investment plan in India.
After the meeting, PM Modi said in a post on social media platform X (formerly Twitter), "Wonderful to meet Mr. Young Liu, the Chairman of Hon Hai Technology Group (Foxconn). I highlighted the wonderful opportunities India offers in futuristic sectors."
"We also had excellent discussions on their investment plans in India in states like Karnataka, Tamil Nadu and Andhra Pradesh," the Prime Minister added.
In July last year, Foxconn chief Liu visited India to attend the Semicon India conclave where he met Narendra Modi.
On the eve of the 75th Republic Day this year, Young Liu was conferred Padma Bhushan, the third-highest civilian award in India.
Foxconn is estimated to employ 40,000 people in India, while the tech giant's total investment in the country is estimated to be in the range of $9-10 billion, according to reports.
The world’s largest electronics contract manufacturer is in the process of expanding its iPhone production facility, setting up a chip plant in a joint venture with India's HCL Group, an electric vehicle manufacturing unit and an Apple Airpods plant, as per reports.
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