Foxconn to invest $700 million in manufacturing plant in India

A new, smaller Foxconn plant planned for India is about half the size of the massive iPhone assembly facility in Zhengzhou, China – known as iPhone City – according to the latest Bloomberg Report.

Apple expands production in India

Apple is looking at India as a potential new production hub, with reports suggesting that as many as half of iPhones could be made by 2027. Foxconn’s Zhengzhou plant has about 200,000 workers, while Apple’s new Indian facility will create 100,000 jobs. The company is also expanding its supply chain to India, Vietnam and Indonesia.

Foxconn expands in India

Foxconn has taken steps to expand its operations in India, setting up a new plant in neighboring Telangana state to create 100,000 jobs. While it’s unclear whether the facility will manufacture Apple products, the move will be necessary for Foxconn and other suppliers if they are to meet expected demand for iPhones – the world’s supply from China’s so-called “iPhone City”. is estimated to produce 80%. ,

Foxconn will set up a factory in Bengaluru

Foxconn, a major electronics maker, is planning to build a massive manufacturing facility on a 300-acre site near India’s IT hub, Bengaluru. The factory is expected to employ around 100,000 people and will manufacture components for iPhones, potentially assembling them as well. Chairman Young Liu, currently on a tour of India, attended a dinner hosted by Karnataka Chief Minister Basavaraj Bommai on Friday.

Foxconn to increase India’s iPhone assembly by 10-15%

Foxconn, Apple’s primary supplier, is setting up a new factory near Bengaluru, India, and is meeting with Prime Minister Narendra Modi to discuss its “good progress” in the country.

The move is expected to create around 100,000 jobs, and increase India’s share of iPhone assembly from 5% to 10-15%. The decision shows that suppliers are moving capacity out of China faster than expected due to COVID-related disruptions.

Foxconn Could Change India’s Tech Gap

Foxconn’s potential investment in India could be a game-changer for the country’s tech sector, providing an opportunity to close its technological gap with China. India has offered financial incentives to Apple suppliers such as Foxconn, which has already started production of the latest iPhones in Tamil Nadu.

Wistron, Pegatron, Jabil Corp. Other companies like are expanding their operations in the country and producing AirPods components. However, Foxconn’s actual plans are still uncertain.

Speaking on the announcement, Karnataka Chief Minister Basavaraj S Bommai said

Apple phones will soon be made in the state Apart from creating around 100,000 jobs, it will create a lot of opportunities for Karnataka. Under the visionary leadership of Hon’ble PM, we will do our bit to make India a $5 trillion economy by 2025.


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