Cabinet approves Rs 3,706 Cr HCL-Foxconn display chip plant to be set up in UP

The Union Cabinet of the Government of India has approved a significant joint venture project valued at ₹3,706 crore between HCL Group and Foxconn Technology Group for the establishment of a display assembly unit in the state of Tamil Nadu. This facility will be dedicated to the manufacturing of screens and displays that are used in a wide range of electronic devices, including smartphones and tablets. This strategic initiative is expected to provide a substantial boost to the electronics manufacturing ecosystem within India, aligning with the government's broader "Make in India" and self-reliance objectives in the technology sector.