Prime Minister Narendra Modi on August 14 met Young Liu, the chairman of Taiwan-based Hon Hai Technology Group, also known as Foxconn and is the world's largest contract electronics maker.
"I highlighted the wonderful opportunities India offers in futuristic sectors. We also had excellent discussions on their investment plans in India in states like Karnataka, Tamil Nadu and Andhra Pradesh," Modi said in a post on X.
Wonderful to meet Mr. Young Liu, the Chairman of Hon Hai Technology Group (Foxconn). I highlighted the wonderful opportunities India offers in futuristic sectors. We also had excellent discussions on their investment plans in India in states like Karnataka, Tamil Nadu and Andhra… pic.twitter.com/5tT4xfF51u— Narendra Modi (@narendramodi) August 14, 2024
Google is in advanced talks with Foxconn to locally make Pixel smartphones in Tamil Nadu, people familiar with the matter told Moneycontrol in May.
Foxconn also plans to start manufacturing AI servers — high-performance computing engines for training and running artificial intelligence models — at its Indian facilities, The Economic Times reported in June.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!