Foxconn Inks Pact with TN Govt. to Set up Mobile Component Manufacturing Facility
Taiwan's Foxconn signed a letter of intent (LoI) with the Tamil Nadu government to establish a new mobile component manufacturing facility for Rs. 1,600 crore in Kancheepuram with potential to generate 6,000 jobs. The LoI was signed, in his presence, between the state government and Foxconn Group represented by its chairman Young Liu.
With this proposed investment and many more to come, Tamil Nadu is poised to not only remain the top electronics exporter in the country but also significantly increase its electronics exports in the coming years.
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