CHENNAI :Taiwan's Foxconn has signed an agreement with India's Tamil Nadu to invest 16 billion rupees ($194 million) in a new electronic components manufacturing facility that will create 6,000 jobs, the government of the southern state said on Monday.The facility will be for Foxconn Industrial Internet (FII)
CHENNAI :Taiwan's Foxconn has signed an agreement with India's Tamil Nadu to invest 16 billion rupees in a new electronic components manufacturing facility that will create 6,000 jobs, the government of the southern state said on Monday.
The facility will be separate from the current sprawling campus near Chennai where Foxconn assembles Apple's iPhones and employs more than 35,000 people, the source said. Reuters reported last week that the Foxconn subsidiary was in talks with Tamil Nadu about the investment, with the company aiming for the plant's completion in 2024.
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