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Investment raised by $550 mn in T'gana by Foxconn
The Business Guardian
|August 14, 2023
The Board of Directors of FIT Hon Teng Ltd (Foxconn) approved the investment of USD 400 million in Telangana, its India representative V Lee said in a social media post.
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Taiwan-based contract manufacturer Foxconn is Apple's biggest supplier."... FIT Singapore's proposal to make a capital injection of USD 400,000,000 to Chang Yi Interconnect Technology (India) Private Limited, which is held by FIT Singapore as to 99.99 per cent of the capital stock," FIT Hon Teng informed the Hong Kong Stock Exchange.
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