Ennoconn, a Foxconn subsidiary, is planning to begin operations in the nation with an emphasis on the industrial automation and digital transformation industry, which is another boost for the ‘Make in India’ campaign.
According to sources, the Taiwanese corporation has established a company in Tamil Nadu with the intention of introducing its goods to the local market.
Its parent company, Foxconn, employs 40,000 people at its Apple iPhone manufacturing factory in Sriperumbudur, Tamil Nadu.
Ennoconn Corporation is a world leader in embedded technology, industrial IoT, and integrated cloud management services.
With its headquarters located in New Taipei City, Foxconn Technology Group acquired Ennoconn as a subsidiary in 2007.
In high-growth areas including Smart City, Smart Manufacturing, Smart Retail, Financial Services, and Media and Entertainment, Ennoconn Group provides top-notch industrial IoT and embedded technologies, design manufacturing services, IT, and system integration services.
“We deliver Digital Transformation strategies across all internal design, manufacturing, and supply chain platforms and disciplines,” according ton the company.
At the moment, Siemens, Taiwan-based Advantech, and Rockwell Automation are among the companies that dominate the Indian market.
New cloud-based AIoT goods, services, and solutions may be developed thanks to Ennoconn’s Industrial Metaverse transformation.
The government has reaffirmed its commitment to bolstering local manufacturing by dramatically increasing budget allocations for key industries under the PLI plan in 2025–2026 in a strong drive to boost industrial growth.
Actual investments have reached a total of Rs 1.46 lakh crore as of August 2024, and estimates indicate that this amount will surpass Rs 2 lakh crore in the upcoming year.
In addition to directly and indirectly creating about 9.5 lakh jobs, which are predicted to increase to 12 lakhs in the near future, these investments have already resulted in a notable increase in output and sales of Rs 12.50 lakh crore.
Automobiles and auto components saw a stunning increase from Rs 346.87 crore to Rs 2,818.85 crore, while electronics and IT hardware allocations skyrocketed from Rs 5,777 crore (the revised projection for 2024–25) to Rs 9,000 crore.
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