Taiwanese electronics major Foxconn has invited bids for construction of a chip assembly and testing plant in India.
The plant is proposed to be set up in partnership with HCL Group, according to a regulatory filing.
The company has earmarked Rs 1,200 crore as an initial investment for the project.
In the filing, Foxconn said it is making an announcement on behalf of subsidiary Foxconn Hon Hai Technology India Mega Development Pvt. for engaging others to build the plant on owned land.
ADVERTISEMENT
Last month, Foxconn Hon Hai Technology India Mega Development Pvt had allocated $37.2 million or about Rs 308 crore for setting up the joint venture.
ADVERTISEMENT
RECOMMENDED FOR YOU
Foxconn's Bengaluru Unit Commences Operation With iPhone 17 Production
Aug 17, 2025
.jpg?rect=0%2C0%2C3500%2C1969&w=75)
ED Raids Nine Sahara Group Premises In Ponzi Scheme Case
Aug 12, 2025
Stock Picks Today: ICICI Bank, Hindalco, Hyundai, HCL Tech On Brokerages' Radar
Aug 12, 2025
Sumadhura Group Rents Out Commercial Spaces In Bengaluru For Rs 50 Crore Per Year
Aug 07, 2025
POPULAR
1
Pixel 10 Pro Fold Specifications Surface Online Ahead Of Aug. 20 Launch, Check Key Features
2
Mumbai Rains LIVE Updates: IMD Issues Red Alert; Schools, Colleges Closed; Airport Issues Passenger Advisory
3
Google Issues Warning As Hackers Mimic Gmail Security Alerts To Steal Passwords
4
iPhone 17 Pro Max Camera Upgrades Revealed In New Leaks: Here’s What We Know
5