The Minister, who met the Foxconn representatives at his residence in Undavalli, said the government would provide all facilities so that Foxconn can develop a ‘manufacturing city’ to create more jobs.
Foxconn Chairman Young Liu called on Leader of the Opposition (LoP) in the Lok Sabha Rahul Gandhi here on Friday.
Highlighting the wonderful opportunities that India offers in futuristic sectors, Mr Modi discussed Foxconn’s investment plans in India.
When contacted, officials with the Directorate of Industrial Safety and Health (DISH) at Sriperumpudur, who didn’t want to be named, maintained that there is no truth in such allegations.
Telangana Chief Minister A. Revanth Reddy has congratulated Young Liu, Chief Executive Officer and Chairman, Hon Hai Technology Group (Foxconn) on being bestowed with the Padma Bhushan.
The joint venture between Foxconn, also known as Hon Hai Technology Group, and Vedanta was aimed at manufacturing semiconductors in Gujarat, India.
Foxconn said, “we have been consistent and clear with them at all levels about our continued commitment to invest in India.”
Why did the storied Foxconn-Vedanta deal come a cropper? Why has the $19.5 billion investment fallen through in a strange sort of anti-climax? Vedanta and Foxconn had got on board STMicro for licensing technology, but the government had made it clear that it wanted the European chipmaker to have "more skin in the game", which translates into a stake in the partnership.
Foxconn yesterday issued an apology for a "technical error" involving employee salary
By 2034, the new company expects to directly contribute $8 billion to Saudi Arabia's GDP and to bring over $150 million of foreign direct investment.
