Foxconn to invest Rs 300 cr, create 5,000 jobs in Tamil Nadu

Taiwanese consumer electronic gadget contract manufacturer Foxconn is expected to create over 5,000 jobs in Tamil Nadu.

Published: 07th November 2017 08:46 AM  |   Last Updated: 07th November 2017 08:46 AM   |  A+A-

foxconn

By Express News Service

CHENNAI:Taiwanese consumer electronic gadget contract manufacturer Foxconn is expected to create over 5,000 jobs in Tamil Nadu.The company will invest Rs 300 crore in expansion of its operations here and the government has approved allotment of 49 acres, said Tamil Nadu Industries Minister M C Sampath.

“We have granted approval for the 49-acre facility where already 7,000 employees are working. The company has said that it will invest around Rs 300 crore and will employ 5,000 more people in January,” the minister said while interacting with reporters on the sidelines of Connect-2017 organised by Confederation of Indian Industry (CII).

Foxconn India has two manufacturing units at Sriperumbudur near Chennai, which began operations in 2006. The facilities were set up at an investment of Rs 850 crore and were employing 6,000 people when production was at its peak.

The company had, however, some labour unrest following the management’s decision to suspend production at the facility as Nokia — one of its largest customers — excluded the Chennai facility from the deal it signed with Microsoft.The company has assured the government it would provide a total of 30,000 jobs over the next three years, equivalent to what the Nokia factory in Chennai was providing before it closed down its operations.

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