In a substantial development, Taiwanese electronics powerhouse Foxconn has committed an impressive USD 37.2 million (around Rs 351 crore) to its Indian subsidiary, Foxconn Hon Hai Technology India Mega Development Private Limited.

Foxconn has been ramping up its presence in India significantly driven by demand from Apple but also its own '3+3+3 strategy' which looks to integrate three emerging industries,…

Foxconn Singapore Pte Ltd has bought 351.73 million more shares in its Indian subsidiary for $37.2 million, taking its stake to 99.99999996 per cent in the Foxconn Hon Hai…