By Admin 
Foxconn New Investments In India: The Government of India is giving many incentives and concessions to promote Make in India. However, due to high American tariffs, there is a possibility of some impact on this initiative. Meanwhile, Taiwanese manufacturing company Foxconn is going to invest heavily in India.
There will be abundance of employment!
Tamil Nadu Industries Minister TRB Raja said on social media platform X on Monday that Foxconn will invest Rs 15,000 crore in the state, which will create about 14,000 high-value jobs. Raja said that this will be one of the largest ever job creation in the engineering sector in the state and will give a huge boost to the electronics and advanced manufacturing sector of Tamil Nadu.
The minister further said that Foxconn will bring next generation value added manufacturing, research and development integration and AI based advanced tech operations in the state.
Preparation of Dravidian Model 2.0
The Industry Minister said Foxconn’s Indian representative Robert Wu had met Tamil Nadu Chief Minister M.K. Met Stalin and expressed resolve to invest heavily. Under this, for the first time, a Foxconn desk will be established in India with the guidance of the Investment Promotion Agency of Tamil Nadu. Raja said that this desk will ensure work in mission mode and set the stage for Dravidian Model 2.0.
This announcement has been made at a time when Robert Wu met Karnataka Chief Minister Siddaramaiah at Cauvery in Bengaluru last Sunday. In this meeting, Foxconn’s strong presence in Karnataka and new steps in manufacturing were discussed. Currently Foxconn’s plants operate in Tamil Nadu, Telangana and Karnataka.
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