India’s southern Karnataka state is in serious talks with Taiwan’s Foxconn over investment plans, Chief Minister Basavaraj Bommai said on Wednesday, potentially making it the third Indian state to host Foxconn.
“We are in serious discussion on investment plans with Hon’ble High Technology Group (Foxconn“We are determined to welcome the best companies to the state and reap the rewards for our people,” Bommai said in a tweet.
The state’s investment promotion arm also tweeted that representatives held a meeting at the company’s Taiwan headquarters to discuss the investment, without giving further details.
Taiwan-based Foxconn already has operations in Andhra Pradesh and Tamil Nadu, where it manufactures products for companies Apple And Amazon.Com,
An official release said that Foxconn spokesman James Wu, Chief Investment Officer James Tu and some other officials were present on the occasion.
Foxconn is said to be the world’s largest electronics manufacturer. As of last year, it ranked 20th on the Fortune Global 500.
Foxconn has 173 campuses and offices in 24 countries or regions around the world.
Primary product segments for the company include smart consumer electronics (smartphones, TVs, game consoles, among others), cloud and networking products (servers, communications networks), computing products (computers, tablets) and components and others (connectors, mechanical parts ) Are included. , Services).
Large said, “With a strong and stable industrial policy, we aim to make Karnataka a major electronics and manufacturing hub. With the potential investment from Foxconn, the state is poised to become one of the top in the country to attract many more global electronics companies.” preparing.” and Medium Industries Minister Murugesh Nirani.
Gunjan Krishna said that the government would like to extend full support to Foxconn and is thrilled to see Karnataka as a potential investment destination.