Foxconn to Invest Rs 15,000 Crore in Tamil Nadu, Creating 14,000 Jobs

Taiwanese electronics giant Foxconn has announced a significant investment of Rs 15,000 crore in Tamil Nadu, aimed at enhancing the state's industrial capabilities. This investment is expected to generate approximately 14,000 high-value engineering jobs, marking a major boost for the local economy.

The announcement was made during a meeting between Chief Minister M K Stalin and Foxconn India representative Robert Wu in Chennai. This commitment is described as the largest single pledge of engineering jobs under Tamil Nadu's "Jobs for TN" initiative.

Foxconn's investment will focus on advanced manufacturing, integrated research and development (R&D), and artificial intelligence (AI)-led technology. To facilitate this ambitious project, the Tamil Nadu government will establish a dedicated "Foxconn Desk" at Guidance Tamil Nadu. This initiative aims to streamline project approvals and enhance coordination for Foxconn's operations in the state.

A state government spokesperson highlighted that this investment reflects Tamil Nadu's stable policies, skilled workforce, and robust industrial infrastructure. It is seen as a significant step forward for the state's electronics and advanced manufacturing sector, reinforcing its position as a leading hub in India.

Foxconn's expansion in Tamil Nadu is part of a broader strategy to strengthen its operations in India, which includes existing facilities in Sriperumbudur and Oragadam. The company is also diversifying its capabilities beyond assembly operations, focusing on high-value manufacturing and technology integration.

Industry experts view this investment as a strong endorsement of Tamil Nadu's industrial ecosystem, which is already home to one of Foxconn's major iPhone assembly plants. The move is expected to attract further investments and solidify the state's role in the global supply chain, particularly in light of Foxconn's efforts to reduce reliance on China for its manufacturing needs.