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Taiwanese panel display maker Innolux Corp is looking to invest in India to expand into the subcontinent, with its biggest shareholder and key supply chain client Hon Hai Precision Industry Co Ltd, a senior executive said.
“Currently Hon Hai is talking to India about a bunch of things and we have participated in some of the talks,” Innolux Chairman HC Tuan told reporters on the sidelines of the company’s annual shareholders meeting on Monday.
“We are willing to go with Hon Hai,” Tuan said.
“If we go, it will not just be one location in India,” Tuan said, tipping India’s west, particularly its north-western region.
Tuan said there would be issues of finding local partners and clients if Innolux were to enter India by itself.
Hon Hai, which goes by the trade name Foxconn, owns about 8 per cent of Innolux through direct and indirect holdings.
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