digital products downloads

Apple supplier Foxconn to invest Rs 15,000 crore in this Indian state, create 14,000 jobs

Apple supplier Foxconn to invest Rs 15,000 crore in this Indian state, create 14,000 jobs

Apple iPhone maker Foxconn is planning to invest around Rs 15,000 crore in Tamil Nadu, which is expected to create 14,000 high-value jobs, state Industries Minister TRB Raja announced on Monday, October 13. The minister described this as the largest commitment ever made for engineering jobs in the state and said it will provide a major boost to TN’s electronics and advanced manufacturing sectors.

In a social media post on X, Minister Raja wrote, “Largest ever engineering Jobs For Tamil Nadu. Commitment for Tamil Nadu ! Foxconn commits Rs 15,000 crore in investments and 14,000 high value jobs! Engineers get ready!”

Minister Raja said the Taiwanese contract manufacturing giant plans to bring the next phase of its value-added manufacturing, R&D integration and AI-driven advanced technology operations to Tamil Nadu.

Add Zee Business as a Preferred Source

He said Foxconn’s India representative, Robert Wu, met Tamil Nadu Chief Minister M.K. Stalin and reaffirmed the company’s confidence in the state through substantial investment plans.

State’s investment promotion agency, Guidance, will set up a Foxconn desk for the first time in India to support these developments. The minister said the desk will ensure smooth facilitation and mission-mode execution of projects, calling it a step towards “Dravidian Model 2.0”.

The announcement comes after Robert Wu met Karnataka Chief Minister Siddaramaiah in Bengaluru last Sunday. During that meeting, they discussed ways to strengthen Foxconn’s presence in Karnataka and explore new opportunities in manufacturing and technology collaboration.

Foxconn currently has operations in Tamil Nadu, Karnataka and Telangana and these new plans indicate a major expansion in India.

With IANS Inputs

Doonited Affiliated: Syndicate News Hunt

This report has been published as part of an auto-generated syndicated wire feed. Except for the headline, the content has not been modified or edited by Doonited

Source link

Uniq Art Store India

Related posts

Leave a Reply

Your email address will not be published. Required fields are marked *

Uttarakhand News Doonited
Social media & sharing icons powered by UltimatelySocial
Instagram
WhatsApp