Foxconn subsidiary Ennoconn joins Make In India drive, registers in Tamil Nadu as enterprise entity – Firstpost

Taiwanese electronics large Foxconn has made its large India foray. The corporate’s subsidiary, Ennoconn, has registered an organization in Tamil Nadu because it prepares to enter the Indian market.

Ennoconn Company, a worldwide supplier of built-in cloud administration providers, design manufacturing, and system integration, grew to become a subsidiary of Foxconn Know-how Group in 2007. Its Industrial Metaverse Transformation platform focuses on cloud-based synthetic intelligence and IoT (AIoT) options.

Foxconn, the guardian firm, already operates the
Apple iPhone meeting plant in Tamil Nadu’s Sriperumbudur taluk. That huge facility employs round 40,000 individuals.

Ennoconn’s entry happens at a time when Foxconn is reportedly aiming to diversify past iPhone meeting into sectors like info and communication know-how (ICT) merchandise and AI servers.

The corporate’s entry into India will place it in direct competitors with established gamers corresponding to Taiwan-based Advantech, Siemens, and Rockwell Automation.

Authorities push for industrial development

Ennoconn’s growth comes amid a surge in India’s manufacturing sector, bolstered by central and
state governments’ incentives. Underneath the Manufacturing-Linked Incentive (PLI) scheme, the Indian authorities has elevated price range allocations for key industries in 2025-26, reinforcing its concentrate on home manufacturing.

A complete of Rs 1.46 lakh crore ($17.5 billion) in precise funding had been recorded by August 2024, with projections estimating it can surpass Rs 2 lakh crore ($24 billion) inside a yr. The investments have fueled manufacturing and gross sales price Rs 12.50 lakh crore ($150 billion) and generated roughly 9.5 lakh (950,000) direct and oblique jobs, a determine anticipated to rise to 1.2 million, in response to
News18.

A number of sectors have seen vital funding will increase beneath the PLI scheme. The price range for electronics and IT {hardware} has risen from Rs 5,777 crore ($690 million) in 2024-25 to Rs 9,000 crore ($1.08 billion), whereas funding for cars and auto elements jumped from Rs 346.87 crore ($41 million) to Rs 2,818.85 crore ($339 million).

Ennoconn has not disclosed particulars on its preliminary product lineup for India however is predicted to focus on industrial IoT, good manufacturing, and digital infrastructure as a part of its growth technique.