Foxconn business in India crosses $10 bn mark; invests $1.4 bn till date

iPhone contract manufacturer Foxconn's business in India has grown to over USD 10 billion till 2024, its chairman Young Liu said here.

Foxconn has invested USD 1.4 billion in India till date, according to the company.

"So far, till last year, we have done more than USD 10 billion in business size. We will do much more in this coming year," Liu told PTI.

He was speaking on the sidelines of the inauguration of the company's women-only residential complex near Foxconn's plant here on Saturday.

Liu, a Padma Bhushan awardee, said that during his current visit to the country he met chief ministers of several states and feels that India is on the rise.

"After visiting so many states in India I felt that India is ascending. Foxconn wants to be a part of it. We will grow together with India's growth," Liu said.

This is Liu's first visit to India after he was conferred Padma Bhushan, the third-highest civilian award, on the eve of the 75th Republic Day this year.

Liu started his about a w