With an eye on the electric vehicle segment, Foxconn has been going aggressive on its battery manufacturing business, the first plant for which has been set up in Taiwan.
Liu said that Foxconn's information and communication technology segment has just now reached India.
Liu added: "We are also waiting to put our 3+3 future industry in India. I have been talking to the minister for industries here about how can we collaborate on BESS (Battery Energy Storage System) in Tamil Nadu.".
As noted above, Foxconn's 3+3 strategy has been focused on the three key industries: the electric vehicle, digital health, and robotics industries. Each of the three has a considerable growth potential, with the current scale amounting to $1.4 trillion and more than 20% compound annual growth rate.
And then the battery storage business for Foxconn was a matter more related to electric vehicles.
Battery energy storage systems, abbreviated as BESS, store energy from renewable sources such as solar and wind.
The company has also proposed an electric vehicle unit in India. Foxconn has so far invested USD 10 billion in India and plans more for the coming year, he said.
Liu, a Padma Bhushan awardee, said that during his current visit, he met with various chief ministers and feels that India is on the rise.
"So far, till last year, we have done USD 10 billion. We will do much more in this coming year," Liu said.
He was speaking on the sidelines of the inauguration of the company's women-only residential complex near Foxconn's plant here.
"After visiting so many states in India, I felt that India is ascending. Foxconn wants to be a part of it. We will grow together with India's growth," Liu said.
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