Government fully committed to support and facilitate Foxconn's plans in India: IT minister Ashwini Vaishnaw
Ashwini Vaishnaw on Monday said the government was «fully committed» to Foxconn's plans to expand its manufacturing footprint in the country.
«Fully committed to support and facilitate,» Vaishnaw said on X (formerly Twitter) and quoted the Foxconn India representative V Lee's LinkedIn post on Sunday where he had wished Prime Minister Narendra Modi on the occasion of his birthday and said the Taiwanese contract manufacturer was “aiming for another doubling of employment, FDI (foreign direct investment), and business size in India” by this time next year.
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Offering CollegeCourseWebsiteIndian School of BusinessISB Digital TransformationVisitIndian School of BusinessISB Applied Business AnalyticsVisitIndian School of BusinessISB Professional Certificate in Product ManagementVisitIIM LucknowIIML Executive Programme in Data ScienceVisitHowever, Lee did not divulge any further details.
Foxconn, which makes iPhones and is the world's largest contract manufacturer, already has a sizeable presence in Tamil Nadu employing over 40,000 people.
On September 7, ET had reported that Lee had confirmed the company was evaluating a clutch of states, including Tamil Nadu where it has mature operations for its EV ambitions.
«In our last earnings call, chairman Liu had said the company will expand its diversified strategy including in the states of Karnataka and Telangana aside from Andhra Pradesh and Tamil Nadu,» Lee told ET at the time. «He said that our key components in India will first and foremost, be to do with consumer electronics. However, next year, he said there will also be EV key components in India.»
ET had also reported that in its annual report published on May 31, Foxconn
