{"id":107099,"date":"2023-08-16T12:37:36","date_gmt":"2023-08-16T07:07:36","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=107099"},"modified":"2023-08-16T12:37:38","modified_gmt":"2023-08-16T07:07:38","slug":"foxconn-sees-a-chance-to-invest-in-india-for-several-billion-dollars","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/foxconn-sees-a-chance-to-invest-in-india-for-several-billion-dollars\/","title":{"rendered":"Foxconn sees a chance to invest in India for several billion dollars."},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2329587283\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Taiwanese electronics manufacturing giant Foxconn sees the potential of investing several billions of dollars in India if it gets to completely implement its plan, a top official of the company said.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2310825731\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>Hon Hai Technology Group (Foxconn) Chairman and CEO Young Liu during the company&#8217;s second-quarter earnings call on Friday said that the company&#8217;s Indian arm has achieved a turnover of close to USD 10 billion on an annual basis and there is a lot of investment potential in India.<\/p><p>&#8220;Foxconn annual revenue was USD 200 billion. From the perspective of India&#8217;s potential market size and if we can fully implement our plans there, several billion dollars in investment is only the beginning.&#8221; He said Foxconn operates about nine campuses in India.<\/p><p>&#8220;Total size will be equivalent to more than 500 football fields. We have over 30 factories in India. The turnover, and business size, are roughly USD 10 billion annually. We have over 20 dormitories that shelter tens and thousands of employees that work with Foxconn in India,&#8221; Liu said.<\/p><div class=\"trade-content_5\" id=\"trade-1522664726\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>He said questions around India have been coming up during investors&#8217; calls since the last two quarters, which indicates there is positive energy in the country. &#8220;I have said before that our capex this year will grow from last year. That outlook has not changed,&#8221; Liu said.<\/p><p>During the presentation, Liu pointed out that since Foxconn entered India, its revenue, number of employees, and investment scale have grown exponentially.<\/p><p>Liu said that at present, Foxconn is mainly engaged in the information and communication technology assembly business and going forward, Foxconn will actively deploy work in the area of key components to raise its competitiveness in India.<\/p><p>In addition to existing operations in Andhra Pradesh and Tamil Nadu, Foxconn will also deploy in Karnataka, Telangana and other states.<\/p><p>Through close cooperation with central and local governments, Foxconn will plan to establish industrial parks and optimize the business environment in terms of infrastructure, policies and laws, Foxconn said during the earnings presentation.<\/p><div class=\"trade-after-content\" id=\"trade-313331037\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Taiwanese electronics manufacturing giant Foxconn sees the potential of investing several billions of dollars in India if it gets to completely implement its plan, a top official of the company said. Hon Hai Technology Group (Foxconn) Chairman and CEO Young Liu during the company&#8217;s second-quarter earnings call on Friday said that the company&#8217;s Indian arm [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":48046,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-107099","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Foxconn sees a chance to invest in India for several billion dollars. - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Taiwanese electronics manufacturing giant Foxconn sees the potential of investing several billions of dollars in India if it gets to completely implement its plan, a top official of the company said.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/foxconn-sees-a-chance-to-invest-in-india-for-several-billion-dollars\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Foxconn sees a chance to invest in India for several billion dollars.\" \/>\n<meta property=\"og:description\" content=\"Taiwanese electronics manufacturing giant Foxconn sees the potential of investing several billions of dollars in India if it gets to completely implement its plan, a top official of the company said.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/foxconn-sees-a-chance-to-invest-in-india-for-several-billion-dollars\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-16T07:07:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-16T07:07:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/06\/Foxconn-Cover-Image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/foxconn-sees-a-chance-to-invest-in-india-for-several-billion-dollars\/\",\"url\":\"https:\/\/tradebrains.in\/features\/foxconn-sees-a-chance-to-invest-in-india-for-several-billion-dollars\/\",\"name\":\"Foxconn sees a chance to invest in India for several billion dollars. - 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