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Tamil Nadu Industries Minister TRB Rajaa on Tuesday reiterated that Taiwan-based Foxconn company is investing Rs 15,000 crore in the state, and will create 14,000 new jobs. "It is 100 per cent true," the minister said, reacting to PMK leader Dr Anbumani Ramadoss' post on 'X', claiming that the news is "false". Whenever job opportunities are assured for Tamil Nadu's youth and good things happen, some people have made it a habit to play politics with those employment opportunities due to political prejudice, the minister said in a post on 'X'. "In today's global political climate, bringing an investment into India is incredibly difficult. Without understanding the various geopolitical issues involved, he (Dr Anbumani) must stop issuing these politically prejudiced and childish statements," the minister said. He added that these are job opportunities that have been secured after nearly a year of struggle. Earlier in the day, Anbumani posted on his official 'X' account that the Foxcon
A total of 107 Taiwanese companies, including iPhone maker Foxconn (Hon Hai Technology Group), will participate in the Taiwan Expo 2025 to be held from September 25-27. Taiwan's External Trade Development Council (TAITRA) Deputy Director Keven Cheng stated that amid tariff challenges and global supply chain realignments, India's vast domestic market, abundant talent pool, and strategic location have made it an indispensable new manufacturing hub for Taiwanese enterprises. Since its launch in 2018, Taiwan Expo has been held for eight consecutive years, underscoring the foresight of government efforts to help enterprises diversify their markets. It has become a vital platform for Taiwanese companies to expand in India, with both sides already achieving results in areas such as semiconductors, electronics manufacturing, ICT, and smart machinery. Yu-Chi Chen, Executive Director of the Economic Division, Taipei Economic and Cultural Center in India, noted that Taiwan-India bilateral tra