Published By: Saurabh Verma
Last Updated: September 17, 2023, 23:19 IST
Foxconn already has an iPhone manufacturing facility in the state of Tamil Nadu, which employs 40,000 individuals.
(Photo: Foxconn)
Taiwan-based Foxconn, the world’s largest contract producer of electronics, has quickly expanded its presence in India by investing in manufacturing amenities in the south of the nation as the corporate seeks to transfer away from China
Apple provider Foxconn goals to double its workforce and funding in India by subsequent 12 months, an organization govt stated on Sunday.
Taiwan-based Foxconn, the world’s largest contract producer of electronics, has quickly expanded its presence in India by investing in manufacturing amenities in the south of the nation as the corporate seeks to transfer away from China.
V Lee, Foxconn’s consultant in India, in a LinkedIn put up to mark Indian Prime Minister Narendra Modi’s 73rd birthday, stated the corporate was “aiming for an additional doubling of employment, FDI (international direct funding), and enterprise measurement in India” by this time next year.
He did not give more details.
Foxconn already has an iPhone factory in the state of Tamil Nadu, which employs 40,000 people.
In August, the state of Karnataka said Foxconn will invest $600 million for two projects in the state to make casing components for iPhones and chip-making equipment.
The company’s Chairman Liu Young-way said in an earnings briefing last month that he sees a lot of potential in India, adding: “several billion dollars in investment is only a beginning”.
(This story has not been edited by News18 workers and is revealed from a syndicated information company feed – Reuters)
