Foxconn to invest $1.5 billion to expand India operations

FILE PHOTO: A Foxconn shareholder poses for photos after the annual shareholder meeting in New Taipei City, Taiwan May 31, 2023. REUTERS/Ann Wang/File Photo

BENGALURU (Reuters) - Taiwan's Foxconn will invest $1.5 billion in India in its latest expansion plan, the world's largest contract manufacturer of electronics said on Monday.

The company, which announced the investment plan in a stock exchange filing, did not provide any further details.

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