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.”
Also on AF: Apple Chief Tim Cook ‘Very Bullish’ on India
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.
The Govt. of #Karnataka is happy to discuss #investment plans with Hon Hai Technology Group (Foxconn) @HonHai_Foxconn at their Taiwan Headquarters and looks forward to a fruitful collaboration in the state. #InvestinKarnataka pic.twitter.com/HAbizKzCxz
— Invest in Karnataka (@investkarnataka) February 8, 2023
Taiwan-based Foxconn already has operations in Andhra Pradesh and Tamil Nadu, where it manufactures products for companies such as Apple and Amazon.
- Reuters with additional editing by Vishakha Saxena
Foxconn Sales Soar as iPhone Contractor Emerges From Covid
Apple ‘to Raise India Production to 25%’ in Retreat From China
Foxconn Invests $500 Million in India iPhone Factory
Chinese Suppliers Seek Partners to Make iPhones in India – ET