Foxconn to Invest Rs 15,000 Cr in Tamil Nadu, 14,000 Jobs

Foxconn, the electronics giant from Taiwan, has revealed a whopping investment of Rs 15,000 crore in Tamil Nadu, alongside the creation of 14,000 high-value engineering jobs. This is the largest single commitment of engineering employment in the state so far.

Industries Minister T.R.B. Rajaa, in his X (formerly Twitter) post, informed about the meeting between Chief Minister M.K. Stalin and Foxconn’s India representative, Robert Wu, where the announcement was made.

Minister Rajaa, in his statement, said the move is a major positive for TN’s electronics and advanced manufacturing sectors and added that the state is emerging as a hub for hi-tech operations. "Largest ever engineering jobs commitment for Tamil Nadu! Foxconn commits Rs 15,000 crore in investments and 14,000 high-value jobs! Engineers, get ready!" was his message.

To support the project, the state’s investment promotion agency, Guidance Tamil Nadu, will set up a "Foxconn Desk," devoted solely to this project. The desk is planned to simplify regulatory clearances, offer one-stop support for project execution and ensure the implementation process is smooth and on time.

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Foxconn is looking forward to the next phase of value-added manufacturing in Tamil Nadu, which would be a R&D and AI-driven advanced technology operations integration. The move is expected to create a good number of new jobs for engineering graduates and other skill workers and also to highlight TN’s standing in the global electronics and semiconductor arena, as per the experts

Although the government and Foxconn have not divulged the specifics of the timeframe or the project locations, more declarations are anticipated as the process of approvals unfolds and plans are confirmed.