Taiwanese electronics manufacturer Foxconn is reportedly in advanced discussions with the Tamil Nadu government to establish a battery energy storage system (BESS) unit in India.
According to a report by The Economic Times citing sources familiar with the matter, the Tamil Nadu government has offered Foxconn around 200 acres of land for the project near Manalur in Tiruvallur district.
A BESS unit stores energy generated from renewable and non-renewable sources, playing a key role in energy management systems. This initiative aligns with Foxconn’s strategy to expand its presence in the rapidly growing electric vehicle (EV) and energy storage market.
Foxconn Chairman Young Liu, during his visit to India in August, had reportedly expressed interest in setting up such a facility. If the plans materialize, the Tamil Nadu unit would become the company’s second BESS facility globally, after the first plant established in Taiwan.
Incentives have reportedly been provided by the Tamil Nadu government to support the project.
This development comes amidst reports of the Indian government planning tenders for 10 gigawatts (GW) of battery energy storage projects to bolster India’s energy storage infrastructure.
Also Read: ShopDeck, a D2C-focused SaaS startup, has raised $8 million in its Series B funding
Foxconn has also been evaluating other investments in Tamil Nadu, including a smartphone display module assembly plant, with an estimated investment of $1 billion (INR 8,354 crore). If approved, this would mark Foxconn’s first display module facility in India.
Separately, Foxconn has partnered with Vedanta in a joint venture to invest ₹1.5 lakh crore in a semiconductor and display manufacturing unit in Gujarat’s Dholera Special Investment Region (SIR).
