committed to invest in India

“Building fabs from scratch in a new geography is a challenge, but Foxconn is committed to invest in India.

We have been working on challenges like this since the 1980s.

Foxconn has no intention to do anything but continue to strongly support the government’s ‘Make in India’ ambitions and establish a diversity of local partnerships that meet the needs of stakeholders,” Foxconn, which also goes by the name Hon Hai, said at the time.

In August, the firm announced plans to invest $600 million in two projects in the Southern Indian state of Karnataka for chip-equipment manufacturing and casing components for iPhones.