Foxconn to invest ₹15,000 cr in TN, generate 14k jobs

iPhone manufacturer Foxconn is set to invest ₹15,000 crore in Tamil Nadu, the state government announced on Monday. Additionally, TN Industries Minister TRB Rajaa said that the Taiwanese firm will create 14,000 high-value jobs in the state. The timeline and other details are yet to be shared.

The state’s nodal agency for investment promotion and single window facilitation, Guidance Tamil Nadu, will establish a Foxconn Desk for quick regulatory approvals.  Guidance 

“Yet another major boost for Tamil Nadu’s electronics and advanced manufacturing sector as Honourable @CMOTamilNadu Thiru. @MKStalin avargal met with Foxconn’s India Representative Mr. Robert Wu to reaffirm their deep trust in Tamil Nadu with substantial investment commitments,” Minister Rajaa tweeted on social media website X.

Foxconn will bring its next phase of value-added manufacturing, R&D integration and AI-led advanced tech operations to Tamil Nadu, he added. 

As part of the larger India expansion project, Foxconn has established a presence near Bengaluru, Karnataka. The company has acquired around 300 acres of land in Devanahalli, close to the Bengaluru International Airport, to set up a large-scale manufacturing facility. With a proposed investment of over ₹21,900 crore (approximately $2.6 billion), the plant is expected to become one of Foxconn’s largest units outside China. The facility will focus on assembling iPhones and other Apple products, strengthening India’s role in Apple’s global supply chain.

Other important Indian projects from Foxconn include a semiconductor facility. In January last year, Foxconn partnered with HCL Group to form a joint venture that will establish a semiconductor assembly and testing facility in India. Foxconn Hon Hai Technology India Mega Development, a unit of the Taiwanese contract manufacturer, owns a 40% stake in the JV with a $37.2 million investment.