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PM Modi met with Foxconn CEO Young Liu to discuss investments in AI, semiconductors, and electronics manufacturing in India.
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Foxconn plans to invest in new facilities across multiple states, including Tamil Nadu and Telangana, creating thousands of jobs.
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India aims to reach $300 billion in electronics production by FY26, driven by rising exports, particularly iPhones.
Prime Minister Narendra Modi met with Foxconn CEO Young Liu to explore potential investments in India’s tech sector. The meeting focused on artificial intelligence, semiconductor manufacturing, and boosting local electronics production. Foxconn, a leading iPhone manufacturer, has already invested significantly in India and plans to expand its footprint.
PM Modi highlighted the opportunities India offers in futuristic sectors, including AI and semiconductors. Foxconn has signed agreements to invest in new facilities in Tamil Nadu and Telangana, creating thousands of jobs. The company has praised India’s efforts to create a favorable environment for electronics manufacturing.
India’s electronics exports have risen significantly over the past decade, driven by iPhones. The country aims to reach $300 billion in overall electronics production by FY26. The meeting between PM Modi and Young Liu underscores India’s commitment to boosting its tech sector and attracting foreign investment.
