Foxconn plans to double Indian jobs, investments in 12 months

20 Sep 2023 CW Team

Foxconn expressed their intentions to double their workforce and increase investment in India by the following year. The world's largest contract manufacturer of electronics, based in Taiwan, has been swiftly expanding its presence in India by making investments in manufacturing facilities in the southern part of the country, as it seeks to shift away from China.

V Lee, who serves as Foxconn's representative in India, conveyed in a LinkedIn post on the occasion of Indian Prime Minister Narendra Modi's 73rd birthday that the company was targeting a twofold increase in employment, foreign direct investment (FDI), and business scale in India within the next year. Foxconn presently operates an iPhone manufacturing plant in the state of Tamil Nadu, employing 40,000 individuals.

In August, the state of Karnataka announced that Foxconn had committed to investing $600 million in two projects within the state, aimed at producing casing components for iPhones and manufacturing chip-making equipment.

During an earnings briefing last month, the company's Chairman, Liu Young-way, articulated his belief in the substantial potential of India, stating that "several billion dollars in investment is only a beginning."

Also read:
India and Russia to launch Eastern Maritime Corrido
Rosatom, Gazprom Neft agree to northern sea route

Infrastructure Transport

15 Oct 2025

BMC Gets CRZ Nod For Rs 40 Million Gorai Bridge Rebuild

The Brihanmumbai Municipal Corporation (BMC) has secured Coastal Regulation Zone (CRZ) clearance for the reconstruction of the Poisar River bridge in Gorai, located in Mumbai’s western suburbs. However, the proposed demolition of the existing 100-metre bridge has sparked opposition from local residents, who claim it serves as the only direct access route between the Lower and Upper Koliwada areas. The three-decade-old bridge, situated within the CRZ buffer zone, was recently declared structurally unsafe following a civic audit. The BMC has sanctioned its reconstruction at an estimated cost ..

NHAI Completes Rs 15.9 Billion Four-Lane Stretch On ECR

The National Highways Authority of India (NHAI) has completed the four-laning of the 38 km Puducherry–Poondiyankuppam stretch, ending near Cuddalore, in a development that will cut travel time by up to two hours, according to a report by The New Indian Express. The upgraded section, built at a cost of Rs 15.9 billion under the Bharatmala Pariyojana Phase I, marks a major milestone in the ongoing East Coast Road (ECR) widening programme. The project promises a smoother, faster drive for motorists travelling towards Cuddalore, Chidambaram, Sirkazhi, and Nagapattinam. With this completion, 22..

Encroachments Delay Rs 1 Billion Ghatkopar Bridge Project

The construction of a new cable-stayed rail overbridge at Ghatkopar and the widening of the Andheri–Ghatkopar Link Road (AGLR) have been delayed due to the presence of nearly 250 encroached structures on both sides of the road. In response, Municipal Commissioner Bhushan Gagrani has directed officials to carry out a structural audit of the existing bridge over the railway line and enforce temporary restrictions on heavy vehicles to ensure public safety. The bridge, which starts at the Golibar Road junction near LBS Marg and extends up to the Eastern Express Highway (EEH), serves as a critic..