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June, 15

Foxconn: Scope to invest billions of $ in India: Foxconn

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NEW DELHI: Taiwanese electronics manufacturing giant Foxconn sees potential of investing several billions of dollars in India if it gets to completely implement its plan, a top executive of the company said.

Hon Hai Technology Group (Foxconn) chairman and CEO Young Liu during the company’s second quarter earnings call said the company’s Indian arm has achieved a turnover of close to $10 billion on an annual basis and that there is great investment potential in India.
He said Foxconn operates about nine campuses in India. “The turnover is roughly $10 billion annually,” Liu said. He said questions around India have been coming up during investors’ calls since the last two quarters, which indicates there is a positive energy in the country. “Our capex this year will grow from last year,” Liu said.





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