Manufacturing giant Hon Hai Precision Industry Co (鴻海精密) on Thursday said that the company has obtained a commitment from Tamil Nadu to fully support its investments in the southern Indian state.
Hon Hai, the flagship company of Foxconn Technology Group (富士康科技集團), said company chairman Young Liu (劉揚偉) on Thursday received a delegation from Tamil Nadu, led by S. Krishnan, additional chief secretary of the Tamil Nadu Industries Department, at the company’s headquarters in New Taipei City’s Tucheng District (土城).
In a statement, Hon Hai said the Indian delegation expressed its gratitude to the company for its investment in the Indian state, and pledged to continue its support for more investments by the firm.
Photo: AFP
Guidance Tamil Nadu, the investment promotion agency of the government of Tamil Nadu, wrote on Twitter that the delegation “elaborately discussed Foxconn’s plans for new ventures and investments, especially in emerging sectors and proffered Government’s complete support to the company in the State.”
Hon Hai, an assembler of Apple iPhones, said that the company has had a foothold in Tamil Nadu for more than a decade.
Early this month, Apple Inc announced that Hon Hai’s production sites in Tamil Nadu have been named part of the US tech giant’s supplier list for fiscal 2021, along with the iPhone assembler’s other complexes in China’s Guangdong, Henan, Hubei, Jiangsu, Shaanxi, Sichuan and Zhejiang provinces, Brazil’s Amazonas and Sao Paulo, the US states of California and Texas, and Vietnam’s Bac Giang Province.
Indian news media reported late last month that Apple, which accounts for more than 40 percent of Hon Hai’s total sales, confirmed that the assembler would start to roll out the iPhone 14s at its plant in Tamil Nadu. Hon Hai assembled earlier versions of the iPhone in the Indian state, the reports said.
The Tamil Nadu delegation arrived in Taiwan on Tuesday. They held a roundtable forum on investment on Wednesday with the Taiwan Technical Textiles Association and the Taiwan Electrical and Electronic Manufacturers’ Association.
Before leaving Taiwan tomorrow, the delegation is to visit Taiwanese electronics, electrical engineering, textile, footwear and computer numerical control device suppliers to forge closer industrial cooperation
During the Double Ten National Day celebration held by the Republic of China’s Chennai representative office on Oct. 6, Krishnan said Taiwan is one of the top five foreign investors in Tamil Nadu along with the US, Japan, South Korea and Singapore.
The Chennai office said that 25 Taiwanese companies have invested in Tamil Nadu, with their combined investments topping US$2 billion (US$62 million).
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