Foxconn plans to quintuple investment in India in three years: Govt official

Chennai: Foxconn’s investment in India, currently at $8 billion, is likely to go up fivefold in the next three years, a senior government official told ET, adding that the company will become a key part of the “big Apple story unfolding in India”.

“While they have written that they will double (their investment), their plan is to actually increase (their investment) by five times in the next three years,” the official told ET.