Foxconn Boosts India Presence with $1.5 Billion Investment!
BENGALURU: Taiwan’s Foxconn will invest $1.5 billion in India in its latest expansion plan, the world’s largest electronics contract manufacturer said on Monday.
The company that announced the investment plan in the stock exchange application did not provide more detailed information.
Foxconn has rapidly expanded its presence in India by investing in manufacturing facilities in the southern part of the country.
The contract manufacturer plans to double its workforce and investments in India by next year, the company’s director said in September.
The company’s chairman, Liu Young-way, had also said at the earnings conference in August that he saw a lot of potential in India, adding that “several billion dollars in investments is just the beginning.”
