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Discussion Forum : Business - Latest Current Affairs (Q.No. 494)

2023-08-02 Business

494.

How much money is Foxconn pledging to invest in establishing a manufacturing facility in Tamil Nadu?

₹ 1,000 Crore

₹ 1,200 Crore

₹ 1,400 Crore

₹ 1,600 Crore

Answer: Option

Explanation:

Foxconn has pledged to invest ₹1,600 crore in establishing a manufacturing facility in Tamil Nadu. Foxconn's Chairman signed a tripartite MoU with IIT-Madras to enhance research and development capabilities, fostering the development of a skilled talent pool in Tamil Nadu.