Foxconn is Considering Establishing a Skill Development Institute in India

According to people familiar with the plan, Foxconn is considering establishing a skill development centre in India, similar to its Hon Hai Research Institute in Taiwan, as the contract manufacturing company seeks to build an ecosystem to support the expansion of its production base here.

The idea was discussed by Andy Lee, the CEO of its Foxtron electric vehicle venture, in the presence of Foxconn chairman Young Liu and a group of states at a meeting last month when Liu was in India, they said. Foxtron is also considering manufacturing EVs in India.

This topic was raised during a discussion about India's young population and the demographic dividend it provides, the country's expanding EV ecosystem and the rapidly growing market, and the people said.

"Foxconn mentioned that India and Brazil can be their next two growth centres," a person directly aware of the developments said, speaking on the condition of anonymity. "They said that since they were focusing so much on India from an EV perspective, they should explore setting up a university also in India, like they have in Taiwan, which is basically the vocational centres and the industry-academic correlation."