Foxconn said it is making an announcement on behalf of subsidiary Foxconn Hon Hai Technology India Mega Development Pvt Ltd for engaging others to build the plant on owned land.
In November, ET had reported that Foxconn said it would invest more than $1.5 billion in an Indian construction project to fulfil the Apple supplier s "operational needs”. The investment was made through a Foxconn subsidiary, Hon Hai Technology India Mega Development.
Foxconn to invest Rs. 1200 Crore for a new plant in India fonearena.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fonearena.com Daily Mail and Mail on Sunday newspapers.
Foxconn plans to invest ₹1200 crore in a factory in India through its subsidiary, Hon Hai Technology India Mega Development. The investment is aimed at operational needs , following previous reports of Foxconn investing over $1.5 billion in an Indian construction project.