Foxconn Chairman Young Liu Announces $10 Bn Investment in India

CosmicTaco · 2024-08-19T09:51:12.564857+05:30

- Foxconn chairman Young Liu announced that the company has invested $10 Bn in India so far and plans to invest more in the coming year. - Liu addressed allegations of job discrimination against married women at Foxconn's Tamil Nadu plant, stating that the company hires employees regardless of gender. - During his India trip, Liu met with Prime Minister Narendra Modi and the chief ministers of Tamil Nadu, Karnataka, and Telangana to discuss Foxconn's investments. - Liu inaugurated a women-only residential complex near Foxconn's plant in Sriperumbudur, Tamil Nadu, which will house over 18,000 women employees. - Foxconn currently employs around 48,000 people in India, with women making up a significant portion of the workforce. Source: [Inc42](https://inc42.com/buzz/foxconn-has-invested-10-bn-in-india-so-far-says-chairman-young-liu/)

Foxconn chairman Young Liu announced that the company has invested $10 Bn in India so far and plans to invest more in the coming year.
Liu addressed allegations of job discrimination against married women at Foxconn's Tamil Nadu plant, stating that the company hires employees regardless of gender.
During his India trip, Liu met with Prime Minister Narendra Modi and the chief ministers of Tamil Nadu, Karnataka, and Telangana to discuss Foxconn's investments.
Liu inaugurated a women-only residential complex near Foxconn's plant in Sriperumbudur, Tamil Nadu, which will house over 18,000 women employees.
Foxconn currently employs around 48,000 people in India, with women making up a significant portion of the workforce.

Source: Inc42