Bengaluru: Karnataka Chief Minister Basavaraj Bommai said his government is in serious talks with Hon Hai Technology Group (Foxconn) over investment plans in the state.
“We are in serious discussion of investment plans with Hon Hai Technology Group (Foxconn) at their Taiwan HQ & look forward to a fruitful collaboration,” he tweeted. “We remain committed to welcome the best companies to the state & reap rewards for our people,” he added.
Taiwan-based Foxconn already has invested in Andhra Pradesh and Tamil Nadu, where it manufactures products for companies such as Apple and Amazon.
Top government officials, however, did not share details about the talks.
The Industrial Development and Director Commissioner Gunjan Krishna, who attended the meeting in Taiwan, however, said Karnataka’s investment-friendly policies and processes will further facilitate them to grow in the state.
Foxconn is the world’s largest electronics manufacturer, with total revenue exceeding NT$ 6 trillion in 2022. As of last year, it ranks 20th in the Fortune Global 500.
Foxconn has 173 campuses and offices in 24 countries/regions around the world. The primary product segments for the company include smart consumer electronics (smartphones, TVs, game consoles), cloud and networking products (servers, communication networks), computing products (computers, tablets), and components (connectors, mechanical parts, services).
