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Terry Kuo Leads Executives to India with $20B Investment
By Korbin Lan
Published: Jul 10,2015
TAIPEI, Taiwan － According to India-based media Hindustan Times reported, Terry Kuo, Chairman of Foxconn , accompanied by more than 40 people, is visiting India and calling on local government authorities and startup entrepreneurs to seek for cooperative and investment opportunities, is likely to invest about $20 billion.
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The media said, Terry Kuo together with more than 40 companions from Foxconn, arrived at India on 8 July and will sequentially call on Indian startups’ major executives as well as local officials. He scheduled to meet the Telecom Minister Ravi Shankar Prasad on 10th July, some cooperative deals are expected to sign during this trip.
At this visit, Foxconn is expected to invest in setting up OEM factories of mobile phone or work with local TV manufactures to provide high definition TFT panels.
Hindustan Times also revealed that Foxconn is going into details with Adani Group, Snapdeal and Flipkart about the matters of co-produce and sales in India.
Foxconn did’t comment about Kuo’s itinerary but confirmed the meeting with India officials to seek cooperative opportunities.
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