‘Foxconn unit to sign $194 million components plant deal with Tamil Nadu’

CHENNAI: A Foxconn unit will on Monday sign an agreement with Tamil Nadu state to build a new facility for electronic components that will create 6,000 new jobs, a senior state government source with direct knowledge said.

The subsidiary, Foxconn Industrial Internet (FII) , plans to invest 16 billion Indian rupees ($194.45 million) to build a campus in Kancheepuram district, near the state’s capital of Chennai, added the source, who was not authorised to speak publicly about the matter.

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.