Foxconn to put women employees in leadership roles in design and tech

27 Aug 2024 CW Team

"We want women to move beyond assembly work and into design and technology roles. Many of our current employees are highly educated, and we aim to offer them opportunities to advance into higher positions," Foxconn Chairman Young Liu told PTI.

In Foxconn's Indian operations, the workforce comprises approximately 70% women and 30% men.

The company recently inaugurated a women-only residential complex in Sriperumbudur, near Chennai, built by the State Industries Promotion Corporation of Tamil Nadu (SIPCOT). The facility can accommodate over 18,000 women employees working at Foxconn.

Liu emphasised that Foxconn's hiring in India is on the rise across all categories, with the company employing individuals regardless of gender.

Foxconn is also establishing its second-largest mobile manufacturing plant outside China in Karnataka, with an investment of Rs 250 billion, which is expected to create 40,000 jobs. Recently, the company invested an additional Rs 12 billion in its Karnataka unit, bringing its total investment to around Rs 138 billion in Foxconn Hon Hai Technology India Mega Development Pvt Ltd.

Last week, Liu mentioned that Foxconn is in discussions with the Tamil Nadu government to establish a battery energy storage system unit focused on electric vehicles. Additionally, the company has formed a joint venture to build a semiconductor plant in India and is gearing up to start electric vehicle production in the country.

Liu also noted that Foxconn's information and communication technology segment has recently launched in India, stating, "We are looking forward to implementing our 3+3 future industry strategy in India."

Under the "3+3 strategy," Foxconn is focused on expanding its business in three key industries: electric vehicles, digital health, and robotics.

(ET)

Foxconn, the iPhone contract manufacturer, is encouraging its women employees in India to take up leadership roles in design and other technology-related fields, according to a senior company official. The company currently employs 48,000 people across India, with 25% of its recent hires being married women. We want women to move beyond assembly work and into design and technology roles. Many of our current employees are highly educated, and we aim to offer them opportunities to advance into higher positions, Foxconn Chairman Young Liu told PTI. In Foxconn's Indian operations, the workforce comprises approximately 70% women and 30% men. The company recently inaugurated a women-only residential complex in Sriperumbudur, near Chennai, built by the State Industries Promotion Corporation of Tamil Nadu (SIPCOT). The facility can accommodate over 18,000 women employees working at Foxconn. Liu emphasised that Foxconn's hiring in India is on the rise across all categories, with the company employing individuals regardless of gender. Foxconn is also establishing its second-largest mobile manufacturing plant outside China in Karnataka, with an investment of Rs 250 billion, which is expected to create 40,000 jobs. Recently, the company invested an additional Rs 12 billion in its Karnataka unit, bringing its total investment to around Rs 138 billion in Foxconn Hon Hai Technology India Mega Development Pvt Ltd. Last week, Liu mentioned that Foxconn is in discussions with the Tamil Nadu government to establish a battery energy storage system unit focused on electric vehicles. Additionally, the company has formed a joint venture to build a semiconductor plant in India and is gearing up to start electric vehicle production in the country. Liu also noted that Foxconn's information and communication technology segment has recently launched in India, stating, We are looking forward to implementing our 3+3 future industry strategy in India. Under the 3+3 strategy, Foxconn is focused on expanding its business in three key industries: electric vehicles, digital health, and robotics. (ET)

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Infrastructure Energy

06 Apr 2026

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

Real Estate

06 Apr 2026

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..