Industries Minister TRB Rajaa said repeated investments and expansion plans in Tamil Nadu by Foxconn, which already assembles iPhones in the state, ‘are a testament to the state being the top choice for manufacturing in India’
In a major boost to the electronics manufacturing sector in Tamil Nadu, Taiwanese electronics giant Foxconn has signed a Letter of Intent (LoI) with the state government to set up a new mobile components manufacturing facility at a cost of Rs 1,600 crore.
The CEO and chairman of Hon Hai Technology Group, Foxconn, Young Liu, met with Tamil Nadu Chief Minister MK Stalin and Industries Minister TRB Rajaa. They agreed to set up the facility, which will be located in Kanchipuram district, and is expected to generate 6,000 jobs.
Rajaa said repeated investments and expansion plans in Tamil Nadu by Foxconn, which already assembles iPhones in the state, “are a testament to the state being the top choice for manufacturing in India for major companies across the world”.