Suara Malaysia
ADVERTISEMENTFly London from Kuala LumpurFly London from Kuala Lumpur
Wednesday, November 6, 2024
More
    ADVERTISEMENTFly London from Kuala LumpurFly London from Kuala Lumpur
    HomeTechFoxconn subsidiary to ink $194M factory deal in Tamil Nadu

    Foxconn subsidiary to ink $194M factory deal in Tamil Nadu

    -

    Fly AirAsia from Kuala Lumpur

    CHENNAI (Reuters) – A Foxconn unit will on Monday sign an agreement with India’s Tamil Nadu state to build a new facility for electronic components that will create 6,000 new jobs, a senior state government source with direct knowledge said.

    The subsidiary, Foxconn Industrial Internet (FII), plans to invest 16 billion Indian rupees ($194.45 million) to build a campus in Kancheepuram district, near the state’s capital of Chennai, added the source, who was not authorised to speak publicly about the matter.

    The facility will be separate from the current sprawling campus near Chennai where Foxconn assembles Apple’s iPhones and employs more than 35,000 people, the source said.

    Foxconn did not immediately respond to a request for comment. The state government, which did not immediately respond to a request for comment, said on LinkedIn on Monday morning a “big announcement” was expected during the day that would mean Tamil Nadu would retain its “top position as India’s Electronics Powerhouse.”

    ($1 = 82.2825 Indian rupees)

    (Reporting by Munsif Vengattil in Bengaluru and Praveen Paramasivam in Chennai; Additional reporting by Yi-Mou Lee; Editing by Aditya Kalra and Jamie Freed)


    Credit: The Star : Tech Feed

    Wan
    Wan
    Dedicated wordsmith and passionate storyteller, on a mission to captivate minds and ignite imaginations.

    Related articles

    ADVERTISEMENTFly London from Kuala Lumpur

    Subscribe to Newsletter

    To be updated with all the latest news, offers and special announcements.

    Latest posts