Key Points
Foxconn Industrial Internet, a subsidiary of tech behemoth Foxconn, has denied signing any deal with the Tamil Nadu government to build a new facility for electronic components in the southern state, Reuters said citing a report from China's Securities Times...
"We did not sign any investment agreement," FII was quoted as saying by the Securities Times newspaper, adding the company had issued a statement in July refuting similar "rumours."..
On Monday, the Tamil Nadu government had said in a statement that FII has signed an agreement with Tamil Nadu and it plans to invest Rs 1,600 crore ($194.45 million) to build a campus in the Kancheepuram district, near Chennai...
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