Foxconn Invests ₹15,000 Crore in Tamil Nadu
Taiwan's iPhone maker Foxconn has committed to invest ₹15,000 crore in the southern Indian state of Tamil Nadu, announced on October 13.
A minister stated that the state's investment promotion agency, Guidance Tamil Nadu, will set up a dedicated desk for the Taiwanese company to ensure faster regulatory clearances.
- The investment is the largest-ever commitment in the state.
- The project will generate around 14,000 "high-value" engineering jobs.
The state government will set up a dedicated desk to fast-track approvals for the Taiwanese manufacturer.
Author's summary: Foxconn invests ₹15,000 crore in Tamil Nadu, creating 14,000 jobs.