Foxconn in talks to invest in India's Karnataka state

The logo of Foxconn is pictured on top of a company's building in Taipei
FILE PHOTO-The logo of Foxconn is pictured on top of a company's building in Taipei, Taiwan October 31, 2022. REUTERS/Carlos Garcia Rawlins

Feb 8 (Reuters) - India's southern Karnataka state is in serious talks with Taiwan's Foxconn (2317.TW) over investment plans, Chief Minister Basavaraj Bommai said on Wednesday, potentially setting it up as the Indian third state to host Foxconn.

"We are in serious discussion of investment plans with Hon Hai Technology Group (Foxconn) at their Taiwan HQ & look forward to a fruitful collaboration," Bommai said in a tweet. "We remain committed to welcome the best companies to the state & reap rewards for our people."

The state's investment promotion arm also tweeted that representatives held a meeting at the company's Taiwan headquarters to discuss the investment, without providing further details.

Taiwan-based Foxconn already has operations in Andhra Pradesh and Tamil Nadu, where it manufactures products for companies such as Apple Inc (AAPL.O) and Inc (AMZN.O).

Reporting by Maria Ponnezhath in Bengaluru; Editing by Shailesh Kuber and Anil D'Silva

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