Foxconn Invests ₹15,000 Crore in Tamil Nadu
A minister announced that Guidance Tamil Nadu, the state's investment promotion agency, will establish a dedicated desk for Foxconn to expedite regulatory clearances.
According to the state government, Foxconn's ₹15,000 crore investment is the largest-ever commitment in Tamil Nadu, expected to create around 14,000 "high-value" engineering jobs.
Tamil Nadu will set up a dedicated desk to fast-track approvals for the Taiwanese manufacturer.
Taiwan's iPhone maker Foxconn has committed to invest ₹15,000 crore in the southern Indian state of Tamil Nadu, as announced by the state government on October 13.
- Investment amount: ₹15,000 crore
- Expected jobs: 14,000 "high-value" engineering jobs
Author's summary: Foxconn invests ₹15,000 crore in Tamil Nadu.
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