Foxconn Industrial Internet calls on CM Stalin to discuss investment opportunities

Top officials of Foxconn Industrial Internet (FII), the subsidiary of Taiwan-based Hon Hai Technology Group, popularly known as ‘Foxconn’ called on Chief Minister M K Stalin and discussed “investment opportunities” in Tamil Nadu, sources said on Wednesday.

Foxconn Industrial Internet, is a leading global total solution provider for smart manufacturing and industrial internet, according to its website.

FII chief executive officer Brand Cheng accompanied by senior company officials discussed the ‘investment opportunities’ in Tamil Nadu, sources said.

Minister for Industries T R B Rajaa, chief secretary Shiv Das Meena were also present on the occasion.

The meeting of FII officials with the Tamil Nadu government assumes

significance as recently the delegation called on Karnataka Chief Minister Siddaramaiah about its proposal to invest Rs 8,800 crore manufacturing plant in the neighbouring state.

Foxconn, a major iPhone assembler for Apple, has proposed to set up a Rs 8,800 crore supplementary plant to that of the unit at Devanahalli Information Technology Investment Region (ITIR) in Karnataka, the state’s Large and Medium Industries Minister M B Patil had said on Monday.

Early this month, Foxconn decided to pull out of the semiconductor joint venture with diversified conglomerate Vedanta Group.

The Vedanta-Foxconn JV had announced the setting up of India’s first electronic chip manufacturing unit in Gujarat with an investment of around Rs 1.50 lakh crore. PTI