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Apple supplier Foxconn ups its investment proposal in Telangana to $550 mn

Foxconn Technology Group


The Board of Directors of FIT Hon Teng Ltd (Foxconn) approved the investment of USD 400 million in Telangana, its India representative V Lee said in a social media post.


Taiwan-based contract manufacturer Foxconn is Apple’s biggest supplier.


“…FIT Singapore’s proposal to make a capital injection of USD 400,000,000 to Chang Yi Interconnect Technology (India) Private Limited, which is held by FIT Singapore as to 99.99 per cent of the…


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