Hon Hai Precision Industry Co (
The Taipei-based Economic Daily News said that Hon Hai president Terry Gou (郭台銘) signed a letter of intent with the Tamil Nadu state government on Friday on building the US$110 million science and technology park over five years in Sriperumbudur, 50km west of the port city of Chennai.
Foxconn spokesman Vincent Tong (
Phones and computers
Hon Hai and Foxconn plan to build plants in the industrial park to manufacture information technology (IT) products like cellphones, cellphone cases, personal computers, printed circuit boards and electronic connectors and components.
The report did not say when construction will begin and how many jobs it will create in India.
Hon Hai is a world leader in mobile phones, PCs, notebook computers, motherboards and game consoles.
Hong Kong-listed Foxconn is the registered trade name for Hon Hai.
Hon Hai also has production bases in China, Finland, Hungary and Mexico, the report said.
Risks
In recent years, Hon Hai has invested heavily in China.
To reduce the perceived risks associated with investing in China, Hon Hai has long mulled moving into India.
Many Taiwanese companies have moved production to China in recent years. But the government has been urging Taiwanese manufacturers to diversify their investment to other countries, including India.
On Feb. 11, Taiwan set up the semi-official Taiwan-India Cooperation Council to promote trade ties. The Bureau of Foreign Trade, under the Ministry of Economic Affairs, will sent a delegation of Taiwanese manufacturers to India in summer.
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