Foxconn in talks to set up electronic components plant in Tamil Nadu: Report

About 10 days after a Karnataka minister announced that that Apple supplier Foxconn, has proposed to set up a Rs 8,800 crore supplementary plant in the state, a report has claimed that a subsidiary of the Taiwanese company is in talks with Tamil Nadu government to invest up to $200 million (roughly Rs. 1,638 crore) to build a new plant.

Citing two sources with direct knowledge, news agency Reuters reported that this particular plant will be set up to manufacture electronic components. One of the sources claimed that the Foxconn Industrial Internet (FII) shared a plan with state officials to initially invest $180 million (roughly Rs. 1,475 crore) to $200 million in the facility.