iPhone contract manufacturer Foxconn's business in India has grown to over USD 10 billion till 2024, its chairman Young Liu said here. Foxconn has invested USD 1.4 billion in India till date, according to the company. "So far, till last year, we have done more than USD 10 billion in business size. We will do much more in this coming year," Liu told PTI. He was speaking on the sidelines of the inauguration of the company's women-only residential complex near Foxconn's plant here on Saturday. Liu, a Padma Bhushan awardee, said that during his current visit to the country he met chief ministers of several states and feels that India is on the rise. "After visiting so many states in India I felt that India is ascending. Foxconn wants to be a part of it. We will grow together with India's growth," Liu said. This is Liu's first visit to India after he was conferred Padma Bhushan, the third-highest civilian award, on the eve of the 75th Republic Day this year. Liu started his about a w
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The chairman of iPhone contract manufacturer Foxconn, Young Liu, called on Prime Minister Narendra Modi on Wednesday and discussed the company's investment plan in India. "Wonderful to meet Mr. Young Liu, the Chairman of Hon Hai Technology Group (Foxconn). I highlighted the wonderful opportunities India offers in futuristic sectors. We also had excellent discussions on their investment plans in India in states like Karnataka, Tamil Nadu and Andhra Pradesh," Modi said in a post on social media platform X. Liu had also visited India in July last year to attend the Semicon India conclave where he met Prime Minister Narendra Modi. Liu was conferred Padma Bhushan, the third-highest civilian award, on the eve of the 75th Republic Day this year. Foxconn is estimated to employ over 40,000 people in India. The company's total investment in India is estimated to be in the range of USD 9-10 billion. The company is in the process of expanding its iPhone production facility, setting up a chip
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