iPhone maker Foxconn has plans to invest $700 million in a new plant in India. With that, the company could ramp up local iPhone production.
iPhone maker Foxconn has plans to invest $700 million in a new plant in India. With that, the company could ramp up local iPhone production and even be responsible for assembling Apple’s upcoming headsets in the country. The information comes fromThis plan comes at a time when several manufacturers are moving their production chain from China due to tensions with the United States.
The Taiwanese company, also known for its flagship unit Hon Hai Precision Industry Co., plans to build the plant to make iPhone parts on a 300-acre site close to the airport in Bengaluru, the capital of the southern Indian state of Karnataka, according to the people, who asked not to be named as the information is not public. The factory may also assemble Apple’s handsets, some of the people said, and Foxconn may also use the site to produce some parts for its nascent electric vehicle business.
This India plant is expected to create about 100,000 jobs in the country, which is half of what the largest iPhone factory in China can handle during the peak production season of new iPhone models. Although Apple, Foxconn, and the Indian government didn’t comment on Bloomberg’s story, several government officials, including India’s deputy tech minister, tweeted confirmation of this upcoming plant.
Apple phones to be built in the state soon. Apart from creating about 100,000 jobs, it will create a whole lot of opportunities for Karnataka. Under the visionary leadership of Hon’ble PM
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