The Chief Executive Officer and Chairman of Taiwanese technology giant Foxconn, Young Liu, has been honoured with the Padma Bhushan.
Young Liu is a recognized entrepreneur and an innovator with over four decades of industry experience.
He has founded three companies-- a motherboard company in 1988 known as Young Micro Systems; an IC design company in 1995 focused on the PC chipset and an ITE Tech company, ITeX in 1997.
The Taiwan-based company, which assembles around 70% of iPhones and is the world's largest contract manufacturer, has been diversifying production away from China following COVID-19 disruptions and geopolitical tensions.
It has rapidly expanded its presence in India over the past year by investing heavily in manufacturing facilities in the south India.
Last year, Young Liu had said that reforms and policies in India have created huge opportunities for the development of the entire electronics manufacturing ecosystem. "India will be a very important country in terms of manufacturing in the future," Mr Liu had said.
Padma awards, one of the highest civilian honours in India, were announced on the eve of Republic Day.
This year, the President approved 132 Padma awards in various fields of activities, viz.- art, social work, public affairs, science and engineering, trade and industry, medicine, literature and education, sports, civil service, etc.
The awards are announced on the occasion of Republic Day every year and the ceremony will be held in Rashtrapati Bhavan.
Featured Video Of The Day
BJP's CT Ravi Detained For Making Derogatory Remarks Against Woman Minister
Foxconn Said to Have Approached Nissan to Take Controlling Stake Taiwan's Foxconn Says Global Manufacturing Footprint to Shield it From Trump's Tariffs Apple Said to Be in Discussions With Several Indian Firms to Replace Chinese Suppliers 11 Dead, Many Critical In Jaipur Fire As 2 Trucks Collide Outside Petrol Pump Atul Subhash's Mother Goes To Top Court For 4-Year-Old Grandson's Custody 52 kg Gold, Rs 10 Crore Cash Found In Abandoned Innova In Bhopal Jungle Study Abroad: Important Tests To Prepare For Admission In The US UGC NET December 2024 Begins On January 3, Check Subject-Wise Schedule 3-Day State Mourning In Haryana Over Ex-CM Om Prakash Chautala's Death Track Latest News Live on NDTV.com and get news updates from India and around the world.