<p>Sriperumbudur: Taiwanese electronics manufacturing giant Foxconn is working on plans to set up a Battery Energy Storage System unit in India, its chairman Young Liu said here.</p>.<p>With an eye on the electric vehicle segment, Foxconn has been expanding its battery manufacturing business, with the first plant already set up in Taiwan.</p>.<p>Liu told <em>PTI</em> that Foxconn's information and communication technology segment has just started in India.</p>.<p>"We are also waiting to put our 3+3 future industry in India. I have been talking to the minister for industries here about how can we collaborate on BESS (Battery Energy Storage System) in Tamil Nadu...," Liu said.</p>.Tamil Nadu inaugurates China-like hostel facility worth Rs 700 cr for Foxconn workforce.<p>As part of the "3+3 strategy", Foxconn has prioritised the three key industries -- electric vehicles, digital health, and robotics industries, each has a significant growth potential with current scale at $1.4 trillion and over 20 per cent compound annual growth rate.</p>.<p>Foxconn's battery storage business is more focused on electric vehicles.</p>.<p>Battery energy storage systems (BESS) enable energy storage from renewable sources like solar, wind etc.</p>.<p>The company has proposed to set up an electric vehicle unit in India as well.</p>.<p>When asked about the status of EV production, Liu said it will start "very soon".</p>.<p>Foxconn's business in India has grown to over $10 billion by 2024, Liu said.</p>.<p>The chairman also said that during his current visit, he met various chief ministers, and feels that India is on the rise.</p>.<p>"So far, till last year, we have done $10 billion. We will do much more in this coming year," Liu said.</p>.<p>He was speaking on the sidelines of the inauguration of the company's women-only residential complex near Foxconn's plant here.</p>.<p>"After visiting so many states in India, I felt that India is ascending. Foxconn wants to be a part of it. We will grow together with India's growth," Liu said. </p>
<p>Sriperumbudur: Taiwanese electronics manufacturing giant Foxconn is working on plans to set up a Battery Energy Storage System unit in India, its chairman Young Liu said here.</p>.<p>With an eye on the electric vehicle segment, Foxconn has been expanding its battery manufacturing business, with the first plant already set up in Taiwan.</p>.<p>Liu told <em>PTI</em> that Foxconn's information and communication technology segment has just started in India.</p>.<p>"We are also waiting to put our 3+3 future industry in India. I have been talking to the minister for industries here about how can we collaborate on BESS (Battery Energy Storage System) in Tamil Nadu...," Liu said.</p>.Tamil Nadu inaugurates China-like hostel facility worth Rs 700 cr for Foxconn workforce.<p>As part of the "3+3 strategy", Foxconn has prioritised the three key industries -- electric vehicles, digital health, and robotics industries, each has a significant growth potential with current scale at $1.4 trillion and over 20 per cent compound annual growth rate.</p>.<p>Foxconn's battery storage business is more focused on electric vehicles.</p>.<p>Battery energy storage systems (BESS) enable energy storage from renewable sources like solar, wind etc.</p>.<p>The company has proposed to set up an electric vehicle unit in India as well.</p>.<p>When asked about the status of EV production, Liu said it will start "very soon".</p>.<p>Foxconn's business in India has grown to over $10 billion by 2024, Liu said.</p>.<p>The chairman also said that during his current visit, he met various chief ministers, and feels that India is on the rise.</p>.<p>"So far, till last year, we have done $10 billion. We will do much more in this coming year," Liu said.</p>.<p>He was speaking on the sidelines of the inauguration of the company's women-only residential complex near Foxconn's plant here.</p>.<p>"After visiting so many states in India, I felt that India is ascending. Foxconn wants to be a part of it. We will grow together with India's growth," Liu said. </p>