
Foxconn to double FDI, workforce in India by 2024
Foxconn has grown smoothly and rapidly in India, says Foxconn India representative V Lee.
Foxconn has grown smoothly and rapidly in India, says Foxconn India representative V Lee.
Foxconn's revenue, number of employees, and investment scale have grown exponentially since it entered India in 2005.
The facility is touted to create more than 6,000 direct and indirect jobs across India.
Semiconductor mission: Mere fiscal incentives aren't enough; India needs skilling, investments, a conducive business environment, dispute resolution mechanisms and much more to make it happen
Foxconn says will soon submit application to govt’s “Modified Programme for Semiconductors and Display Fab Ecosystem”; Vedanta to line up other partners to set up India’s first foundry
Union minister Rajeev Chandrasekhar says Centre will allow both companies to independently pursue strategies for semiconductors
Vedanta in Feb had tied up with Foxconn to make chips; had selected Dholera SIR, Gujarat, for setting up India’s first semiconductor-making facility
Of the total MoUs signed, 80% have either confirmed investment or have started work in the state, says industries minister T.R.B. Raaja
Foxconn's investment of $1.7 billion will pave the way for more business and restore the state’s status as the 1 destination, says state IT minister Priyank Kharge
A joint statement by the company and the government said that the new facility promises to continue delivering world-class products to the market.