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Ennoconn excels in industrial IoT and embedded tech. The market is led by Advantech, Siemens, and Rockwell at present
Ennoconn’s Industrial Metaverse Transformation enables the development of new cloud-based AIoT products, services and solutions. (Representative/News18 Hindi)
Taiwanese company Foxconn’s subsidiary, Ennoconn, is preparing to enter the Indian market. Ennoconn has registered a company in Tamil Nadu. The company plans to introduce its products to the domestic market.
Ennoconn Corporation is a global leader in integrated cloud management services, industrial IoT and embedded technology. Ennoconn’s parent company, Foxconn, operates the Apple iPhone assembly plant in Sriperumbudur, Tamil Nadu, which employs 40,000 people. In 2007, Ennoconn became a subsidiary of Foxconn Technology Group, headquartered in New Taipei City.
Ennoconn delivers world-class services in industrial IoT and embedded technology, design manufacturing services, IT, and system integration in high-growth markets. These markets include smart cities, smart manufacturing, smart retail, financial services, media, and entertainment.
“We provide digital transformation strategies across all internal design, manufacturing, and supply chain platforms and disciplines,” the company stated.
Currently, the Indian market is dominated by Taiwan-based Advantech, Siemens and Rockwell Automation, among other players. Ennoconn’s Industrial Metaverse Transformation enables the development of new cloud-based AIoT products, services and solutions.
In a strong move to accelerate industrial growth, the government has made a spectacular increase in the budget allocation for key sectors under the PLI scheme in 2025-26, reaffirming its commitment to strengthening domestic manufacturing.
A total of Rs 1.46 lakh crore of actual investment has been received till August 2024, with an estimate that this figure will cross Rs 2 lakh crore within the next year. These investments have already led to a spectacular increase in production and sales amounting to Rs 12.50 lakh crore, while creating about 9.5 lakh jobs directly and indirectly. This number is expected to rise to 12 lakh soon.
Several sectors have experienced remarkable growth. Allocations for electronics and IT hardware have increased from Rs 5,777 crore (revised estimate for 2024-25) to Rs 9,000 crore, while allocations for automobiles and auto components have risen from Rs 346.87 crore to Rs 2,818.85 crore.
