Foxconn chairman Young Liu met a visiting delegation representing the Government of Karnataka in New Taipei City on Wednesday to additional talk about its plans to arrange a semiconductor chip manufacturing unit in Karnataka.
The Taiwanese Hon Hai Technology Group-owned Foxconn, which manufactures of electronics elements, PCBs, built-in circuits, and semiconductor chips, has been in talks with the State since May final 12 months to discover investments. The firm caters to chipsets and sensible client electronics merchandise for smartphones, TVs, and recreation consoles.
Foxconn’s potential funding in Karnataka can be a testomony to the State’s industrial panorama, mentioned Chief Minister Basavaraj Bommai.
“We are working towards building the best electronics and manufacturing ecosystems, which will attract further investments in the sector. We welcome Foxconn to Karnataka and wish them the best of luck,” he mentioned.
The head of the delegation, Gunjan Krishna, Commissioner for Industrial Development and Director, Department of Industries and Commerce, mentioned, “We would like to extend our full support to Foxconn. Our investment-friendly policies and processes will further facilitate them to grow in the State.”
Murugesh Nirani, Minister for Large and Medium Industries, mentioned, “With a strong and stable industrial policy, our aim is to make Karnataka a key electronics and manufacturing hub. With Foxconn’s potential investment, Karnataka is gearing up to be the top State in the country to attract many other global electronics companies.”