In a significant development for India's electronics manufacturing sector, Prime Minister Narendra Modi held talks with Foxconn's top executive on Wednesday, August 14. The meeting focused on the Taiwanese company's investment strategies across several Indian states. Young Liu, CEO and Chairman of Foxconn, met with PM Modi to outline the contract manufacturer's expansion plans in India. Their discussions reportedly centered on potential investments in Karnataka, Tamil Nadu, and Andhra Pradesh, highlighting the company's growing interest in diversifying its manufacturing presence in the country.
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Foxconn Top Executive Meets Mizoram Senior Official
The high-profile meeting was not limited to central government talks. Jonathan Lalremruata, a senior official from Mizoram, also engaged with Foxconn's top executive in New Delhi to explore possible investment opportunities in the northeastern state. Reports cited sources saying that Liu's Indian tour will continue with a visit to Karnataka on August 16. The Foxconn chairman is expected to meet with Karnataka Chief Minister Siddaramaiah and MB Patil, the state's Minister for Large and Medium Industries, to further discuss investment prospects.
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"Wonderful to meet Mr. Young Liu, the Chairman of Hon Hai Technology Group (Foxconn). I highlighted the wonderful opportunities India offers in futuristic sectors. We also had excellent discussions on their investment plans in India in states like Karnataka, Tamil Nadu and Andhra Pradesh," the PM posted on X, formerly Twitter.
Foxconn Mulling To Assemble iPads In India
This string of meetings comes at a crucial time for Foxconn's Indian operations. The contract manufacturer, which already assembles iPhones in India, is considering expanding its product range to include iPad assembly at its Sriperumbudur facility in Tamil Nadu. Additionally, there have been reports that Foxconn might venture into manufacturing AI servers at its Indian plants.
These developments align with statements made last September by Foxconn's India representative, V Lee, who announced plans to double the company's investments and business operations in India within a year.
As Foxconn continues to explore opportunities in India, these high-level discussions could pave the way for significant expansions in the country's electronics manufacturing landscape.