Foxconn: Foxconn’s India unit to spend Rs 1200 crore to build additional facility
Foxconn on Tuesday said its Indian subsidiary is set to spend Rs 1,200 crore to build a factory on owned land, in an exchange filing. In its filing which has been reviewed by ET, the company said the purpose of investment was ‘operational needs.’
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In November, ET had reported that Foxconn said it would invest more than $1.5 billion in an Indian construction project to fulfil the Apple supplier’s “operational needs”. The investment was made through a Foxconn subsidiary, Hon Hai Technology India Mega Development.
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The Taiwanese contract manufacturer has been rapidly scaling its operations in India. In fact, only last month, the company announced that it would invest $37.2 million and would join hands with HCL Group to establish a chip packaging and testing facility in India. This came after its JV with Vedanta fell through.
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Foxconn on Tuesday said its Indian subsidiary is set to spend Rs 1,200 crore to build a factory on owned land, in an exchange filing. In its filing which has been reviewed by ET, the company said the purpose of investment was ‘operational needs.’
![]()
In November, ET had reported that Foxconn said it would invest more than $1.5 billion in an Indian construction project to fulfil the Apple supplier’s “operational needs”. The investment was made through a Foxconn subsidiary, Hon Hai Technology India Mega Development.
Elevate Your Tech Prowess with High-Value Skill Courses
| Offering College | Course | Website |
|---|---|---|
| IIT Delhi | IITD Certificate Programme in Data Science & Machine Learning | Visit |
| Indian School of Business | ISB Product Management | Visit |
| Indian School of Business | ISB Professional Certificate in Product Management | Visit |
The Taiwanese contract manufacturer has been rapidly scaling its operations in India. In fact, only last month, the company announced that it would invest $37.2 million and would join hands with HCL Group to establish a chip packaging and testing facility in India. This came after its JV with Vedanta fell through.
Discover the stories of your interest
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