Prime Minister Narendra Modi meets Foxconn Chairman Young Liu; Apple supplier discusses investment plans in India

Prime Minister Narendra Modi met Young Liu, Chairman of Foxconn. (Source/PM Modi X handle)

The chairman of Apple supplier Foxconn met Prime Minister Narendra Modi on Wednesday

Prime Minister Narendra Modi on Wednesday met Young Liu, Chairman of Hon Hai Technology Group (Foxconn).

During the meeting, Prime Minister Modi highlighted the tremendous opportunities that India offers in the sectors of the future. They also had excellent discussions on their investment plans in India in various states.

Foxconn, one of the world's largest contract electronics manufacturers, plays a crucial role in assembling a significant portion of Apple's products, including the iconic iPhone.

“It was a pleasure to meet Mr. Young Liu, Chairman of Hon Hai Technology Group (Foxconn). I highlighted the tremendous opportunities that India offers in future sectors. We also had excellent discussions on their investment plans in India in states like Karnataka, Tamil Nadu and Andhra Pradesh,” PM Modi wrote on X.

I was delighted to meet Mr. Young Liu, Chairman of Hon Hai Technology Group (Foxconn). I highlighted the tremendous opportunities that India offers in future sectors. We also had excellent discussions on their investment plans in India in states like Karnataka, Tamil Nadu and Andhra Pradesh. pic.twitter.com/5tT4xfF51u Narendra Modi (@narendramodi) August 14, 2024

Foxconn is a crucial partner for Apple in its manufacturing operations, and their relationship is increasingly focused on India.

The Taiwanese giant has made significant investments in India to expand its manufacturing facilities, specifically targeting Apple products.

In 2023, Prime Minister Narendra Modi met Liu in Gandhinagar and expressed enthusiasm for the company's plans to expand its semiconductor and chip manufacturing operations in India. Liu, attending the three-day SemiconIndia 2023 conference, reaffirmed Taiwan's position as India's most reliable and trusted partner.

Namit Singh Sengar

Namit writes about personal finance, economics and brands. He currently contributes to News18.com as an Associate Editor in the business sector. Prior to this, he served as the Deputy Editor of News18.com.…Learn more

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