Taiwan-based manufacturing giant Hon Hai Precision Industry said on Thursday that the company has obtained a commitment from Tamil Nadu to fully support its investments in the Indian state.
Hon Hai, also known as Foxconn on the global markets, said Liu Young-way (劉揚偉) on Thursday received a delegation from Tamil Nadu, southern India, led by S. Krishnan, additional chief secretary to the state’s Industries Department, at the Taiwanese company’s headquarters in Tucheng District, New Taipei.
In a statement, Hon Hai said the Indian delegation expressed its gratitude to the company for its investment in the Indian state, and pledged to continue its support for any future investments by the firm.
On its Twitter page, Guidance Tamil Nadu, the investment promotion agency of the Government of Tamil Nadu, also said the delegation “elaborately discussed Foxconn’s plans for new ventures and investments, especially in emerging sectors and proffered Government’s complete support to the company in the State.”
According to iPhone assembler Hon Hai, the company has had a foothold in Tamil Nadu for more than a decade.
In early October, Apple Inc. announced that Hon Hai’s production sites in Tamil Nadu have been named part of the U.S. American tech giant’s supplier list for fiscal year 2021 along with the iPhone assembler’s other complexes in China’s Guangdong, Henan, Hubei, Jiangsu, Shaanxi, Sichuan and Zhejiang provinces, Brazil’s Amasonas and Sao Paulo, the U.S. states of California and Texas, and Vietnam’s Bac Giang province.
Indian news media reported in late September that Apple, which accounts for more than 40 percent of Hon Hai’s total sales, confirmed the Taiwanese assembler would start to roll out the iPhone 14s in its plant in Tamil Nadu. Hon Hai assembled earlier versions of the iPhone in the Indian state, the reports said.
The Tamil Nadu delegation arrived in Taiwan on Tuesday. During their stay, they also held a roundtable forum on investment on Wednesday with the Taiwan Technical Textiles Association and the Taiwan Electrical and Electronic Manufacturers’ Association.
In addition, the delegation will visit Taiwanese electronics, electrical engineering, textile, footwear and computer numerical control device suppliers to forge closer industrial cooperation before leaving Taiwan on Sunday.
During the Republic of China (Taiwan) Oct. 10 National Day celebration held by the ROC’s Chennai representative office on Oct. 6, Krishnan said Taiwan is one of the top five foreign investors in Tamil Nadu along with the United States, Japan, South Korea and Singapore.
According to the Chennai office, a total of 25 Taiwanese companies have invested in Tamil Nadu, with their investments in the state to date topping US$2 billion.
Source: Focus Taiwan News Channel