24.1 C
Delhi
Thursday, November 6, 2025

Foxconn Invests ₹15,000 Crore in Tamil Nadu, Creates 14,000 Jobs

Key Takeaways

  • Foxconn to invest ₹15,000 crore in Tamil Nadu
  • 14,000 high-value engineering jobs to be created
  • Largest-ever engineering jobs commitment for the state
  • First-ever Foxconn Desk in India to be established

Taiwanese manufacturing giant Foxconn will invest ₹15,000 crore in Tamil Nadu, creating 14,000 high-value engineering jobs in what state industries minister TRB Rajaa calls the “largest-ever commitment for engineering jobs” in the state.

The announcement came after Foxconn’s India representative Robert Wu met with Tamil Nadu Chief Minister MK Stalin to reaffirm the company’s substantial investment plans.

Advanced Manufacturing Expansion

Foxconn plans to bring its next phase of value-added manufacturing, R&D integration, and AI-driven advanced technology operations to Tamil Nadu. Minister Rajaa stated this investment will significantly boost the state’s electronics and advanced manufacturing sector.

“Largest ever engineering Jobs For Tamil Nadu. Commitment for Tamil Nadu! Foxconn commits Rs 15,000 crore in investments and 14,000 high value jobs! Engineers get ready!” – TRB Rajaa, Industries Minister

Dedicated Support Infrastructure

Tamil Nadu’s investment promotion agency, Guidance, will establish the first-ever Foxconn Desk in India to ensure smooth project facilitation and mission-mode execution. Rajaa described this as a step toward “Dravidian Model 2.0.”

Regional Expansion Strategy

The Tamil Nadu announcement follows Robert Wu’s meeting with Karnataka Chief Minister Siddaramaiah in Bengaluru, where they discussed strengthening Foxconn’s presence in Karnataka and exploring new manufacturing and technology collaboration opportunities.

Foxconn currently operates in Tamil Nadu, Karnataka, and Telangana, with these new plans signaling a major expansion of its footprint in India.

Latest

Pine Labs IPO Opens Tomorrow: Price Band, Dates & Key Details

Pine Labs Rs 3,899 crore IPO opens November 7 with price band of Rs 210-221. Learn about investment requirements, key dates, and financial turnaround.

India-US Trade Deal: Sitharaman Says Negotiations in Full Force

India and US accelerate BTA negotiations with $500 billion trade target. Get latest updates on tariff challenges and protection for Indian farmers.

ED Summons Anil Ambani in Rs 7,500 Crore Bank Fraud Case

Enforcement Directorate questions Anil Ambani on November 14 in major money laundering case involving SBI loan fraud and Rs 7,500 crore asset attachments.

Ola Electric Q2 FY26: Revenue Drops 43% But Achieves First EBITDA Profit

Ola Electric's revenue fell 43% to ₹690 crore in Q2 FY26, but the company achieved its first-ever EBITDA profitability in auto business while narrowing losses.

Inflated IPO Valuations: Should SEBI Intervene? Expert Analysis

Lenskart IPO reignites debate on inflated valuations. Learn how SEBI could protect retail investors while maintaining market freedom in India's booming IPO market.

Topics

Pine Labs IPO Opens Tomorrow: Price Band, Dates & Key Details

Pine Labs Rs 3,899 crore IPO opens November 7 with price band of Rs 210-221. Learn about investment requirements, key dates, and financial turnaround.

Google Maps Launches 10 AI Features for Enhanced Navigation in India

Gemini AI integration, proactive traffic alerts, and safety features transform Google Maps into a conversational navigation assistant for Indian users.

SAS Exits China After 25 Years, Lays Off 400 Employees

American software giant SAS withdraws from China, cutting 400 jobs via video call. Get details on compensation packages and the broader US tech exodus.

Golden Comet Defies Odds, Survives Close Encounter with Sun

Comet C/2025 K1 survives solar flyby that should have destroyed it, transforming into a rare golden spectacle visible with telescopes this November.

Hawaii Releases 500K Mosquitoes Weekly to Save Endangered Birds

Innovative drone program fights avian malaria by releasing sterile mosquitoes to protect Hawaii's native honeycreepers from extinction.

India-US Trade Deal: Sitharaman Says Negotiations in Full Force

India and US accelerate BTA negotiations with $500 billion trade target. Get latest updates on tariff challenges and protection for Indian farmers.

Nvidia CEO Warns China Will Win AI Race Due to Energy Advantages

Jensen Huang reveals China's lower energy costs and flexible regulations give it critical edge in artificial intelligence competition against US and UK.

Climate Study: World Can Still Return Below 1.5°C by 2100

New research reveals immediate maximum climate action can reverse global warming to below 1.5°C by 2100 through rapid renewable expansion and fossil fuel phaseout.
spot_img

Related Articles

Popular Categories

spot_imgspot_img