Foxconn to invest ₹15,000 cr in Tamil Nadu, create 14,000 engineering jobs

Taiwanese contract manufacturing giant Foxconn has committed around ₹15,000 crore investment in Tamil Nadu, which will create record 14,000 high-value jobs, Tamil Nadu Industries Minister TRB Rajaa said.

The minister said this will be the largest-ever engineering job commitment by a foreign company for the state, which is going to provide major boost for Tamil Nadu’s electronics and advanced manufacturing sector.

"✨LARGEST EVER #engineering #JobsForTN commitment for Tamil Nadu! #Foxconn commits ₹15,000 CRORE in investments and 14,000 JOBS high-value jobs! Engineers get ready! Tamil Nadu’s investment promotion agency @Guidance_TN will be the "first in India" to have a dedicated #FoxconnDesk!" Rajaa said on X.

The agreement was signed after a meeting between Tamil Nadu CM MK Stalin and Foxconn’s India Representative Robert Wu. "Yet another major boost for Tamil Nadu’s electronics and advanced manufacturing sector as Honourable @CMOTamilNadu Thiru. @MKStalin avargal met with Foxconn’s India Representative, Mr. Robert Wu to reaffirm their deep trust in Tamil Nadu with substantial investment commitments."

He said with this investment, Foxconn will bring its next phase of value-added manufacturing, R&D integration and AI-led advanced tech operations to Tamil Nadu. "The first-ever Foxconn Desk in India will ensure seamless facilitation and mission-mode execution! We are setting the stage for #DravidianModel 2.0 !!"

Another tweet by Guidance Tamil Nadu, which is the nodal agency for investment promotion and single window facilitation in the statement, called it a game-changing investment, which could power Tami Nadu's State’s electronics and advanced manufacturing growth.

"@Guidance_TN, #TamilNadu welcomes a game-changing investment from @HonHai_Foxconn! #Foxconn is set to invest INR 15,000 crore and create 14,000 skilled jobs, powering the State’s electronics and advanced manufacturing growth.@Guidance_TN will launch India’s first #FoxconnDesk, ensuring fast-track approvals and seamless support for this landmark project."

In May this year, the Taiwanese contract manufacturer had disclosed in a regulatory filing that it will infuse $1.5 billion in its Indian subsidiary. Foxconn’s Singapore-based subsidiary will buy 12.77 billion shares worth ₹10 apiece, totalling about ₹12,774 crore ($1.5 billion) in Yuzhan Technology India, the filing reads.

Apart from Tamil Nadu, Foxconn has operations across Karnataka and Telangana.