On the evening of December 28, Hon Hai announced that it would increase its capital in its Indian subsidiary by about NT$17100 million yuan to continue to expand production capacity in India. It is believed that in addition to expanding the production of iPhones for Apple in India, Hon Hai will also produce AirPods and other wearable devices for Apple in India next year. In addition, Hon Hai also plans to set up a semiconductor factory in India and continue to expand its layout in India.
According to the announcement, Hon Hai is a subsidiary of Foxconn Singapore Pte ltd.Announced the acquisition of shares of Foxconn Precision Engineering Private Limited with a total of 4600,000,000 shares**INR 10 per share, for a total transaction value of 5,529US$990,000 (about NT$17.)100 million yuan).
It is reported that the newly appointed governor of Telangana, India, met with representatives of Hon Hai's India team on the 27th and promised to provide all necessary assistance to Hon Hai's ongoing investment plan. Reddy promises to simplify the investment process and make Telangana India's number one industrial powerhouse.
Hon Hai did not comment on the outside report yesterday.
*Chain sources said that since the governor of Telangana, India, is the new governor, Hon Hai visited the newly appointed local governor as usual, hoping to make the construction of the local factory and the subsequent operation smoothly.
According to previous reports, Hon Hai signed an agreement with Telangana in March this year to invest 5$500 million to build an electronics manufacturing plant that could create $250,000 jobs, 100,000 jobs created by the entire investment. Hon Hai in Kangara, Telangana. The groundbreaking ceremony was held in May this year for the Kongara Kalan Industrial Park, which is expected to start operations in May next year.
In April, Hon Hai announced on behalf of its subsidiary, Chang Yi Interconnect Technology (India) Private Limited, that it had acquired land in Hyderabad, Telangana, southern India, for a total transaction value of approximately NT$72.2 billion yuan.
Editor: Xinzhixun-Lin Zi.