New Delhi, June 27 -- Taiwan's Hon Hai Precision Industry Co., commonly known as Foxconn, has obtained regulatory clearance for two major investment initiatives totalling more than USD 2.2 billion across India and the United States.

The Department of Investment Review, operating under Taiwan's Ministry of Economic Affairs, has approved the electronics manufacturing company's investment proposals, as reported by Focus Taiwan news agency.

The regulatory body has sanctioned a USD 1.49 billion investment plan designed to increase capital in Foxconn Singapore Pte Ltd, a subsidiary of the parent company.

The Singapore-based subsidiary will subsequently channel these funds into Yuzhan Technology (India) Pvt Ltd, another Foxconn entity operati...