Thursday, 3 August, 2023

Tamil Nadu Government Clarifies Foxconn's Rs. 1600 Crore Investment Plan

The Tamil Nadu government clarifies that Foxconn, also known as Hon Hai, will invest Rs. 1600 crore to build a facility in the state. The investment aims to bolster manufacturing and create job opportunities in the region. The clarification comes amidst previous reports that the company might suspend its investment plans. With this affirmation, Foxconn's commitment to establishing a new facility in Tamil Nadu is reaffirmed, boosting the state's economic growth and industrial development.