Foxconn to Invest $9-10 Billion in India
Chairman Young Liu Meets with Prime Minister Modi
Taipei, Taiwan - Foxconn chairman Young Liu met with Prime Minister Narendra Modi on Wednesday to discuss the company's plans to invest $9-10 billion in India.
Details of the Meeting
During the meeting, Liu outlined Foxconn's plans to invest in India's manufacturing sector, including electronics, semiconductors, and electric vehicles.
Modi welcomed Foxconn's investment plans and assured Liu of the government's support.
Foxconn's India Plans
Foxconn, a major supplier to Apple, currently has a manufacturing presence in India.
The company plans to expand its operations in the country to tap into India's growing electronics market.
Significance of the Investment
- Foxconn's investment will create jobs and boost India's manufacturing sector.
- It will help India develop its domestic supply chain for electronics and other products.
- The investment will strengthen the strategic partnership between India and Taiwan.
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