Foxconn invests Rs 1,600 crore in Tamil Nadu to manufacture mobile components

Key Apple Inc supplier Foxconn Technology Group on Monday pledged to invest Rs 1,600 crore in setting up a mobile components manufacturing unit in Tamil Nadu’s Kanchipuram district, which will provide jobs for 6,000 people.

The investment to be made by Foxconn Industrial Internet (Fii) was finalised at a meeting between Foxconn Chairman Young Liu, who is on a visit to India, and Chief Minister M K Stalin at the Secretariat here, following which the Taiwanese electronics major and the Tamil Nadu government signed a Letter of Intent.