Foxconn to double its workforce and investment in India

Foxconn has been rapidly expanding its presence in India, focusing on manufacturing facilities in the southern region

September 18, 2023

Foxconn currently operates an iPhone factory in Tamil Nadu, employing 40,000 individuals

It has recently announced a US$ 600 million investment for two projects in Karnataka

The Karnataka projects involve the production of casing components for iPhones and chip-making equipment

Foxconn hinted at the prospect of several billion dollars in investments as just the beginning for India

Foxconn, an Apple supplier, intends to double its workforce and investment in India by next year, according to a company executive. As the world’s largest electronics contract manufacturer, Foxconn has been rapidly expanding its presence in India, focusing on manufacturing facilities in the southern region. 

Representatives from the company expressed ambition to achieve another doubling of employment, foreign direct investment (FDI), and business size in India within the following year.

Foxconn currently operates an iPhone factory in Tamil Nadu, employing 40,000 individuals, and recently announced a US$ 600 million investment for two projects in Karnataka involving the production of casing components for iPhones and chip-making equipment. 

During an earnings briefing, the representatives emphasised the considerable potential in India, hinting at the prospect of several billion dollars in investments as just the beginning.

Source: Business Standard

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