Foxconn To Set Up $200 Million Electronic Parts Plant In Tamil Nadu: Report
NDTV
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.
A Foxconn subsidiary is in talks with Tamil Nadu to invest up to $200 million to build a new plant for electronic components, 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 communication, mobile network and cloud computing equipment, has shared a plan with state officials to initially invest $180 million to $200 million in the facility, said one of the sources.
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