Foxconn Chairman Young Liu plans visit to India, receives Padma Bhushan Award

Young Liu, the chairman of Taiwanese electronics giant Foxconn, plans to visit India this year.

Liu also received the Padma Bhushan Award from India Taipei Association Director General Manharsinh Yadav at Taipei on July 4.

On the eve of the 75th Republic Day this year, he was conferred with Padma Bhushan that is a pretigious honor and third highest civilian award in India. 

"... I am humbled to receive the award. I also want to say I am privileged to accept this award on behalf of all the fine women and men who work to do our part in growing local economies in India... I look forward to meeting Madam President in India this year," Liu said in a statement.

The Foxconn chairman last visited India in July last year to attend the Semicon India conclave where he also met Prime Minister Narendra Modi, discussing company's contribution in enhancing the electronics industry in the country, bringing valuable technology and innovative practices.

Foxconn's total investment in India is estimated to be in the range of USD 9-10 billion.

The company is also in process of expanding its iPhone production facility, setting up a chip plant in a joint venture with HCL Group, an electric vehicle manufacturing unit and Apple Airpods.