Business News June 26, 2026 | Author : Jyoti Prakash Mahapatra
Bhubaneswar, June 26: Taiwanese electronics manufacturing giant Foxconn has approved a fresh investment of $37.2 million in its Indian manufacturing subsidiary, reinforcing its long-term commitment to expanding production in the country.
According to a regulatory filing, Foxconn Singapore, a wholly owned subsidiary of Hon Hai Technology Group, will subscribe to approximately 351.73 million common shares of Foxconn Hon Hai Technology India Mega Development Private Limited. Each share has a face value of Rs 10, bringing the total investment to nearly $37.2 million.
The company stated that the investment is part of its long-term growth strategy and will be funded through private capital. The transaction is being carried out as a capital increase in the wholly owned Indian subsidiary.
Following the latest investment, Foxconn Singapore will continue to own virtually the entire equity of the Indian unit, holding more than 23.18 billion shares with a cumulative investment of approximately $2.82 billion. The remaining 10 shares are owned by Yuzhan Technology (India) Private Limited, another company within the Foxconn Group.
Foxconn clarified that the investment does not alter its existing business operations or corporate structure. The company also confirmed that no brokers were involved in the transaction and that the board approved the proposal without any dissenting opinions.
Based on its latest financial statements, the investment represents 3.55% of Foxconn Group's total assets and 7.72% of shareholders' equity.
India has become a key manufacturing hub for Foxconn as the company continues to expand its production facilities, particularly for Apple products. The country's growing role in global electronics manufacturing has supported Foxconn's expansion plans.
Industry data released earlier this year showed that shipments of Made-in-India smartphones increased by 8% year-on-year in 2025. The growth was driven by a 28% rise in exports, while domestic shipments recorded a modest 1% increase. Foxconn Hon Hai emerged as one of the biggest beneficiaries, with its smartphone exports surging 48% year-on-year, largely due to strong demand for Apple devices manufactured in India.
The latest investment further highlights Foxconn's confidence in India's manufacturing ecosystem and its growing importance in the global electronics supply chain.
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