Having already applied to set up a semiconductor plant in India with H joint venture (JV) partner Vedanta, Foxconn Technology Group has shown interest in setting up a second plant, this time without any government incentive.
A management delegation from Foxconn, led by Chairman Young Liu, was in India last week for meetings, and also met Prime Minister Narendra Modi. Liu was here to deepen the company's business relationship for the long term. It has participated, through two of its companies (Foxconn Hon Hai and Bharat FIH), in the country's production-linked incentive (PLI) scheme as a vendor for Apple Inc as well as other mobile device makers.
A top government official aware of the developments said: "Foxconn is bullish on India. It has even shown interest in putting up another chip plant in the country, without any financial incentive from the Centre. It shows the company's long-term commitment."
A detailed questionnaire to the Foxconn headquarters did not elicit any response.
هذه القصة مأخوذة من طبعة March 07, 2023 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة March 07, 2023 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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