Tripartite project closes talent gap, opens pathway for jobs

22 January 2024, Taipei, Taiwan – Hon Hai Technology Group (“Foxconn”) (TWSE:2317) today announced it signed a Mandarin-language education project MOU with four tertiary institutions in India aimed to deepen industry-academia ties and incubate future talent.

The MOU was signed with Shiv Nadar University, VEL TECH, Assam Don Bosco University and Karpagam Academy of Higher Education, with the support of the Taipei Economic and Cultural Center (TECC). In the early stage, Foxconn is investing 3 million rupees (approx NT$1.2 million) to promote local Mandarin-language education through tripartite cooperation between industry, government and academia. The project is expected to expand and include more institutions in the future.

Under the project, Foxconn will sponsor relevant subsidies for Taiwanese teachers during their teaching period in India at the above four schools. In the initial stage, a total of nearly a hundred students from Indian colleges and universities will participate in the Mandarin-language education courses. The Group will give priority consideration to qualified job seekers who have completed the courses under the project.

Sponsoring Indian universities with Taiwan education centers is Foxconn’s commitment to bring together industry, government and academia to strengthen Mandarin-language teaching resources in India. The move helps local students develop superior language skills and responds to talent demand required for the Group’s strategic development in India going forward.

TECC Representative Baushuan Ger, who witnessed the MOU signing, said currently there are 31 Taiwanese education centers in India. Through Foxconn’s sponsorship, more Taiwanese teachers will take up teaching posts in India, while increasing employment prospects for Indian students of academic excellence. With more and more Taiwanese companies setting up factories in India, the hope is that the Mandarin-language education project can close the gap on the lack of local talent with Mandarin-language skills in India.

The project has been enthusiastically embraced by the partner schools. They said the cooperation will help students and faculty at the tertiary institutions further advance their Mandarin-language education achievements, improve their communication skills, setting them up for success to meet future global challenges.

About Foxconn

Established in 1974 in Taiwan, Hon Hai Technology Group (“Foxconn”) (TWSE:2317) is the world’s largest electronics manufacturer and leading technological solutions provider, ranking in the top 30 among the Fortune Global 500. In 2022, revenue totaled TWD6.62 trillion (approx. USD222 billion or EUR200 billion). The Group’s market share in electronics manufacturing services (EMS) exceeds 40% and covers four major product segments: smart consumer electronics; cloud and networking; computing; and components and others. The Group operates 205 campuses across 24 countries and is one of the world’s largest employers with over a million employees during peak manufacturing season. The Group has expanded its capabilities into the development of electric vehicles, digital health, and robotics, and three key technologies – next-generation communications technology, AI, and semiconductors – which are key to driving its long-term growth strategy. It is dedicated to championing environmental sustainability in the manufacturing process and serving as a best-practices model for global enterprises.

To learn more, visit www.honhai.com