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…