Foxconn Industrial Internet (Fii), the subsidiary of Taiwanese firm Foxconn is likely to set up a state-of-the-art facility in Tamil Nadu for manufacturing high-end electronic components.
On Wednesday, Brand Cheng, Chief Executive Officer of Foxconn Industrial Internet met Tamil Nadu Chief Minister M.K.Stalin and Minister for Industries, Investment Promotion and Commerce T.R.B.Rajaa and discussed their plans.
State government officials who attended the meeting remained tight-lipped about the discussions. Sources who were aware of the details of the meeting said that the company was keen on Tamil Nadu considering their long-term existing relationship with the State. “This is going to be a fresh investment,” a source said.
