Deeply honored to receive Padma Bhushan; thanks for the distinction: Foxconn's CEO Young Liu

Foxconn Chairman Young Liu

The Government of India on January 25 released the list of 2024 Padma awardees, which includes Young Liu, chairman of Taiwanese multinational electronics contract manufacturer Foxconn, who will be honoured with the Padma Bhushan.

On being conferred the prestigious award, he said “I am deeply honored to receive the Padma Bhushan from the Government of India. My heartfelt thanks to the Prime Minister, President and the wonderful people of India for this tremendous distinction. I firmly believe this is an affirmation of a collaboration that benefits India’s long-term development and supports the growth of local economies. I will continue to inspire my team. Let’s do our part for manufacturing in India and for the betterment of society.”

Liu is among three other business leaders who will be felicitated by the President for their distinguished contributions at a ceremony later this year. The others are Sitaram Jindal from Karnataka, to be conferred with the Padma Bhushan, while Kalpana Morparia from Maharashtra and Shashi Soni from Karnataka will be awarded Padma Shri.

Sitaram Jindal is the chairman and MD of Jindal Aluminium Limited. He is instrumental in establishing and running several charitable institutions in the field of education, health, social welfare etc. and has founded more than 16 charitable trusts and societies.

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A career banker, Kalpana Morparia is currently the CEO of the Indian unit of global investment bank J.P. Morgan & Co.

Another notable awardee includes Kiran Nadar, art collector and Indian philanthropist. She is also the wife of Shiv Nadar, the founder of HCL Technologies, now known as HCLTech.

The ‘Padma Vibhushan’ is awarded for exceptional and distinguished service; ‘Padma Bhushan’ for distinguished service of high order and ‘Padma Shri’ for distinguished service in any field. The awards are conferred by the President of India at ceremonial functions which are held at the Rashtrapati Bhawan around March / April every year.