Electronics major Foxconn has denied reports that it committed a fresh ₹15,000-crore investment in Tamil Nadu, contradicting a statement made earlier by the state’s industries minister T. R. B. Rajaa.
Rajaa had posted on social media that the Taiwanese manufacturer would launch a major new expansion, promising roughly 14,000 new jobs and terming it a milestone for Tamil Nadu’s industrial growth.
In a formal communication issued the next day, Foxconn clarified that Robert Wu, its recently appointed representative for India, had met officials in the Chief Minister’s Office, but the conversation did not include any discussion of new investment proposals. The company emphasized that the meeting was only an introductory exchange.
Following the minister’s announcement, the government said it planned to open a dedicated “Foxconn Desk” within Guidance Tamil Nadu—the state’s investment-promotion body—to fast-track project approvals. Officials described the initiative as a single-window system aimed at quicker decision-making.
Rajaa also stated that Foxconn’s next stage of work in the state would focus on advanced manufacturing, research and development, and AI-driven production lines.
However, Foxconn’s clarification appeared to undercut that assertion, suggesting that no new commitments were finalized during Wu’s interaction with Chief Minister M. K. Stalin. The firm declined to specify whether its existing projects in Tamil Nadu remain on schedule.
As of Tuesday evening, the state government had not released any follow-up statement responding to Foxconn’s denial.
Source: Financial Express
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