financetom
Business
financetom
/
Business
/
India's Modi meets Foxconn chief amid govt probe into hiring practices
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
India's Modi meets Foxconn chief amid govt probe into hiring practices
Aug 14, 2024 7:18 AM

*

Modi, Foxconn chair discuss latter's investment plans for

India

*

India is probing possible hiring bias at Foxconn India

plant

*

Probe followed a Reuters report on biased hiring practices

*

Modi's X post did not say if probe was addressed at

meeting

By Aditya Kalra

NEW DELHI, Aug 14 (Reuters) - Indian Prime Minister

Narendra Modi met Foxconn Chairman Young Liu to discuss the

latter's investment plans on Wednesday, weeks after New Delhi

started investigating possible discriminatory hiring practices

at a Foxconn plant following a Reuters report.

Modi "highlighted the wonderful opportunities India offers

in futuristic sectors" to Liu at the meeting, he said in a post

on X that included photos of the pair.

"We also had excellent discussions on their investment plans

in India in states like Karnataka, Tamil Nadu and Andhra

Pradesh," Modi wrote.

Modi sees Foxconn's iPhone factory in India and

Apple's ( AAPL ) expansion of its supply chain in the South

Asian nation, beyond China, as potentially helping the world's

most populous country move up the economic-value chain.

A Reuters investigation published in June found that Foxconn

excluded married women from assembly jobs at its main Indian

iPhone plant in Tamil Nadu state. Foxconn acknowledged some

lapses in hiring practices in 2022 and said it had worked to

address the issues, but said it "vigorously refutes allegations

of employment discrimination."

Taiwan's Foxconn in recent years has expanded in India,

where it makes iPhones and products for other smartphone brands,

and has plans to move into AirPods and chipmaking.

Still, Foxconn withdrew in July last year from a $19.5

billion semiconductor joint venture with Indian conglomerate

Vedanta, in a setback to Modi's chipmaking plans for India.

Modi's government ordered Tamil Nadu to provide a "detailed

report" and government officials visited the Foxconn factory to

question executives about hiring practices, but New Delhi has

not yet released any findings.

Modi's post on X on Wednesday did not address any of those

issues and the prime minister's office did not immediately

respond to an email seeking details about the talks.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Exro Technologies Says Strategic Review Process
Exro Technologies Says Strategic Review Process "Ongoing"; Cuts 60 Jobs, Working On Access To Credit Facility and Postpones AGM
Sep 3, 2025
09:11 AM EDT, 09/03/2025 (MT Newswires) -- Exro Technologies ( EXROF ) said Wednesday its strategic review process is ongoing, with current discussions focused on the potential sale of the company's intellectual property and technology, and the potential sale of certain limited components of the company's business. There can be no assurance that any transaction will be completed, and Exro...
Kimco Realty Starts Construction at Mixed-Use Development in California
Kimco Realty Starts Construction at Mixed-Use Development in California
Sep 3, 2025
09:15 AM EDT, 09/03/2025 (MT Newswires) -- Kimco Realty ( KIM ) said Wednesday that in partnership with real estate developer Bozzuto, it has begun construction of The Chester at Westlake, a mixed-use development in Daly City, California, Scheduled to open in the winter of 2027, The Chester will have 214 residential units along with 10,000 square feet of leasable...
Yum! Brands Plans to Refinance Certain Notes
Yum! Brands Plans to Refinance Certain Notes
Sep 3, 2025
09:12 AM EDT, 09/03/2025 (MT Newswires) -- Yum! Brands ( YUM ) said Wednesday it plans to refinance its series 2016-1 class A-2-III fixed rate senior secured notes with a new series of notes under its current securitization financing facility. The notes had a balance of $938 million as of June 30, with the refinancing expected to be comprised of...
LightPath Technologies Wins $18.2 Million Order for Infrared Camera Systems; Shares Up Pre-Bell
LightPath Technologies Wins $18.2 Million Order for Infrared Camera Systems; Shares Up Pre-Bell
Sep 3, 2025
09:10 AM EDT, 09/03/2025 (MT Newswires) -- LightPath Technologies ( LPTH ) said Wednesday that it secured an $18.2 million order with an unnamed global technology customer to supply infrared camera systems in 2026. The company added that while it's not finalised, it expects to receive future orders worth $22 million from the same customer for a second tranche of...
Copyright 2023-2026 - www.financetom.com All Rights Reserved