A major turning point in the subject was Prime Minister Narendra Modi’s meeting with Young Liu, Foxconn’s CEO and Chairman, on August 14. The discussions were around the investment plans of the Taiwanese firm in the micro market of different states in India. Liu painted a picture of http://www. businessinder. com/?p=96565 The company is expanding greatly in India in the near future, especially in Karnataka, Tamil Nadu and Andhra Pradesh investment offers.
Moreover, the dialogue was widened to regional relevance with a senior official from Mizoram, Jonathan Lalremruata, considering a business venture with Liu in New Delhi. Further, Liu is scheduled to travel to Karnataka on August 16 to hold meetings with Siddaramaiah, the CM of Karnataka, and MB Patil, who will be useful in discussing investments.
On his Twitter account, Modi was positive and said, “It was wonderful to meet Mr. Young Liu today, and we had very productive talks regarding investment in states such as Karnataka, Tamil Nadu and Andhra Pradesh.
This engagement happens at the right time. Foxconn, which assembles iPhones in India, is now considering expanding to iPads at its Sriperumbudur plant and has even considered AI servers.
Such talks could have major implications for the direction of electronics manufacturing in India, given Foxconn’s earlier pledges, including tripling its investment in the country.
