Foxconn's USD 10 Billion India Investment: A Boon for Gender Equality

Foxconn’s Chairman, Young Liu, announced a USD 10 billion investment in India with plans for more. Liu’s visit included meetings with key political figures and highlighted India's growth. The inauguration of a women-only residential complex and significant female workforce were emphasized amidst recent hiring discrimination allegations.

Foxconn, the iPhone contract manufacturer, has invested USD 10 billion in India and plans further investments in the coming year, according to Chairman Young Liu. Liu shared this during a recent visit where he met various chief ministers, expressing optimism about India's growth.

Liu's visit marked his first since receiving the Padma Bhushan award. He met with Prime Minister Narendra Modi and discussed further investments in Tamil Nadu, Karnataka, and Telangana. Liu also attended the inauguration of a women-only residential complex near Foxconn's plant.

The complex, inaugurated by Tamil Nadu Chief Minister MK Stalin, will accommodate over 18,000 women and underscores Foxconn's gender-equal hiring practices. Despite facing allegations of bias against hiring married women, the company emphasized its commitment to gender diversity.

(With inputs from agencies.)