Foxconn hikes its investment plan in Telangana to $550 mn
Millennium Post Delhi|August 13, 2023
The Board of Directors FIT Hon Teng Ltd (Foxconn) approved the investment of $400 million in Telangana, V Lee, Foxconn India representative said in a social media post.
Foxconn hikes its investment plan in Telangana to $550 mn

HYDERABAD: Taiwan-based contract manufacturer Foxconn is Apple’s biggest supplier.

“ FIT Singapore’s proposal to make a capital injection of $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 on Friday.

This story is from the August 13, 2023 edition of Millennium Post Delhi.

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This story is from the August 13, 2023 edition of Millennium Post Delhi.

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