Foxconn unit said to be in talks for US$200 million components plant in India’s Tamil Nadu
- FII, which makes communication, mobile network and cloud computing equipment, shared a plan with state officials to initially invest up to US$200 million in the facility
- Foxconn already has a sprawling campus near Chennai, capital of Tamil Nadu, where it assembles Apple’s iPhones
A Foxconn Technology Group subsidiary is in talks with India’s southernmost state, Tamil Nadu, to invest up to US$200 million to build a new plant for electronic components in the region, two sources with direct knowledge told Reuters on Wednesday.
Brand Cheng, CEO of Foxconn Industrial Internet (FII), and other company representatives last week met Tamil Nadu officials, including its chief minister, to discuss investments in the state, the government said in a statement after the meeting, without elaborating.
FII, which makes communications, mobile network and cloud computing equipment, has shared a plan with state officials to initially invest US$180 million to US$200 million in the facility, said one of the sources.
Taiwan-based Foxconn, the world’s largest electronics contract manufacturer, and a spokesman for Tamil Nadu’s industries department declined to comment.
Foxconn, formally known as Hon Hai Precision Industry, already has a sprawling campus near Chennai, the capital of Tamil Nadu, where it assembles Apple’s iPhones.