Foxconn considering to revive Chennai units: TN Govt

Image
Press Trust of India Chennai
Last Updated : Jul 26 2016 | 9:28 PM IST
Taiwan-based electronic equipment manufacturer Foxconn has said it would consider reviving its Chennai units following a request made by Tamil Nadu Government, Industries Minister M C Sampath said today.
A team of state industries department officials recently visited the headquarters of Foxconn in Taiwan and made a request to the management to revive its Chennai plant, saying government would extend support for it, the minister informed the state assembly.
"Welcoming the state government's initiative, Foxconn officials have said they would consider the proposal (to revive the Chennai plant)," he said.
Foxconn had suspended work at its two manufacturing plants at Sriperumbudur near Chennai after mobile handset maker Nokia shut its plant and stopped giving orders to Foxconn. Foxconn was a major supplier to the Nokia's facility. Recently, in an interaction with PTI, a company official said Foxconn had re-employed about "hundreds" of workers, who earlier worked at its two plants in Sriperumbudur at its new assembling unit in Sri City Special Economic Zone, Tada, Andhra Pradesh.
Foxconn was a major supplier to Nokia's plant located at Sriperumbudur near Chennai. However, the association with Nokiawent into rough weather after Nokia's factory was kept out of the USD 7.2 billion deal it had signed with Microsoft in 2014.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 26 2016 | 9:28 PM IST

Next Story