Foxconn said to invest $700 million in manufacturing plant in India


A new, smaller Foxconn plant is planned for India, 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 to India as a potential new production hub, with reports suggesting that up to half of all iPhones could be made there by 2027. Foxconn’s Zhengzhou plant has around 200,000 employees, while Apple’s new Indian facility will be be creating 100,000 jobs. The company is also expanding its supply chain in 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. Though it’s unclear if the facility will manufacture Apple products, the move will be essential for Foxconn and other suppliers if they are to meet the expected demand for iPhones—China’s so-called “iPhone City” is estimated to produce 80% of the world’s supply.

Foxconn to Build Factory in Bengaluru

Foxconn, a major electronics manufacturer, 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 even assembling them. Chairman Young Liu is currently on tour in India attended a dinner hosted by Karnataka’s Chief Minister Basavaraj Bommai on Friday.

Foxconn to Increase India’s iPhone Assembly to 10-15%

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

This move is expected to create about 100,000 jobs, and boost India’s share of iPhone assembly from a sub-5% to 10-15%. This decision suggests that suppliers may be moving capacity out of China far faster than expected due to Covid-related disruptions.

Foxconn Could Transform India’s Tech Gap

Foxconn’s potential investment in India could be a game-changer for the country’s tech sector, offering a chance to close its tech gap with China. India has offered financial incentives to Apple suppliers like Foxconn, who has already started producing the latest iPhones in Tamil Nadu.

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

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

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, we will do our share to make India a $5 trillion economy by 2025.

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