Foxconn Plans $700M Investment In New India Plant For iPhone Production
Foxconn Technology Group is planning to invest up to $700 million in building a new plant in India.
The move is aimed at increasing production in India while reducing reliance on facilities in China due to geopolitical tensions.
The plant could be located near Bengaluru, Karnataka, and span 300 acres.
It is expected to produce iPhone parts and support Foxconn's electric vehicle ambitions.
India has emerged as a potential destination for manufacturing hubs due to rising geopolitical issues.
The new plant could potentially create up to 1,00,000 jobs in India. + + + + + +
The move could help shift the electronic components manufacturing hub away from China. + + + + + +
Foxconn's biggest Apple iPhone
A new plant in India would mitigate any future impact on the global supply chain.
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