Team Blitz India
CHENNAI: Foxconn on July 31 signed an agreement with Tamil Nadu Government to build a new facility for electronic components worth Rs 1,600 crores. This facility will create 6,000 new jobs, a senior state Government source said.
The subsidiary, Foxconn Industrial Internet (FII), will invest Rs 1,600 crore ($194.45 million) to build a campus in Kancheepuram District, near Chennai.
Foxconn already has an Apple iPhone manufacturing facility in Tamil Nadu at Sriperumpudur outside Chennai employing 35,000 people.
Calling this a major achievement, Industries Minister TR Rajaa, in a statement said, ”Foxconn’s repeated investments and expansion plans in Tamil Nadu are a testament to the state being the top choice for manufacturing in India for major companies across the world. This is a major achievement for the state”, Rajaa said.
Tamil Nadu has also emerged to be the EV capital of India as many electric vehicle manufacturers, including Ola Electric and other battery manufacturers, setting shop.
