Officials from India's Karnataka state meet Foxconn executives at the company's Taiwan headquarters. Photo: Twitter / @investkarnataka
India’s southern Karnataka state is in serious talks with Apple supplier Foxconn over investment plans, Chief Minister Basavaraj Bommai said on Wednesday.
If successful, Karnataka would be the third Indian state to host the world’s largest contract electronics manufacturer.
“We are in serious discussion of investment plans with Hon Hai Technology Group (Foxconn) at their Taiwan HQ and look forward to a fruitful collaboration,” Bommai said in a tweet. “We remain committed to welcome the best companies to the state and reap rewards for our people.”
The state’s investment promotion arm also tweeted that representatives held a meeting at the company’s Taiwan headquarters to discuss the investment, without providing further details.
Taiwan-based Foxconn already has operations in Andhra Pradesh and Tamil Nadu, where it manufactures products for companies such as Apple and Amazon.
The Chinese tech firm has also launched seven EV models in partnership with domestic automakers…
China’s largest private developer has already defaulted on $11 billion of offshore bonds amid a…
Experts say that if a sale of TikTok does go through, it would be one…
Shares jump 12% on news Tesla will make 'more affordable' EVs on its manufacturing lines,…
The popular video-sharing app’s owner will be told to sell its stake in nine months…
Investors were in optimistic mood on Wednesday as technology shares led the charge amid easing…