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Foxconn Chairman Young Liu Announces $10 Bn Investment in India

  • 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

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