Foxconn Raises Its Stake, Bets Big On India, Fresh Investment In Karnataka, Tamil Nadu

Foxconn is ramping up its investments in India… days after it pulled out of a marquee semiconductor deal with Vedanta. Top officials from the have been on a whirlwind tour meeting the chief ministers of Karnataka and Tamil Nadu in a span of just two days. While the company had already announced an 8,000-crore rupee investment in Karnataka earlier, it is reportedly willing to further open up its purse.