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Tamil Nadu Asks Foxconn to Revive Chennai Plant

Tamil Nadu Asks Foxconn to Revive Chennai Plant 175c2d

By NDTV Correspondent | Updated: 19 August 2015 10:50 IST

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Tamil Nadu government has asked Taiwan-based electronic parts manufacturer Foxconn to resume some manufacturing activity at the three units situated in Sriperumbudur, near Chennai, in which production was suspended early this year.

"We have asked them (Foxconn) to do some manufacturing activity at the Sriperumbudur units," Industries department, Principal Secretary, C V Sankar, told PTI. a5h6m

The move by the government was in the background of Microsoft last year.

Soon after the suspension of production, around 250 employees at the Foxconn factory resorted to strike fearing loss of jobs.

The facility was producing electronic equipment to Nokia and to other electronic manufacturers.

On Tuesday, Foxconn said it is eBay for $50 million (roughly Rs. 326 crores) cash and subscribing to 79,113 such shares of Jasper for $150 million (roughly Rs. 979 crores), values Snapdeal at about $4.7 - 5 billion (roughly Rs. 30,681 crores - 32,646 crores).

Foxconn earlier this month alsoRedmi 2 Prime. With the partnership, the Foxconn plant at Sri City in Andhra Pradesh became Xiaomi's second outside of China - with the first in Brazil.

Written with inputs from PTI

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