States race to woo Foxconn as EV, Chip fab plan take shape

A slew of Indian states are wooing Foxconn to set up its proposed electric vehicle factory in their jurisdictions as the Taiwanese manufacturer’s chief executive Young Liu displayed strong intent to redouble its investments in the country during his visit last week in a bid to deepen his firm’s global supply chain systems.
A senior bureaucrat who was part of his state’s delegation that met Liu said, “it was an opportunity to understand Foxconn’s priorities on its India manufacturing agenda, and their work plan.” Noting that the Taiwanese major is “looking at a basket of products; EVs is one among them, advanced communication equipment is another, and there are several more,” he told ET.
“They (Foxconn) also have a short list of states. I don’t think they will implement all these projects in one state,” he added. Tamil Nadu, where Foxconn currently operates manufacturing units for Apple iPhones and other brands like Xiaomi, has suggested the Taiwanese major take over a 350-acre factory due to be shuttered by American car maker Ford, sources said.