The new Foxconn factory will enhance the country’s manufacturing capabilities and attract further investments in the technology sector
Foxconn, a prominent Apple supplier, has made a significant investment in India, with the construction of its first factory in the southern state of Telangana. The groundbreaking ceremony marks the beginning of a new era for the region, as the $500 million investment is expected to create 25,000 direct job opportunities. This move comes alongside Apple’s plans to establish its own manufacturing facility in Karnataka state, which is anticipated to generate approximately 100,000 jobs. These developments not only showcase Foxconn’s commitment to expanding its presence in India but also highlight Apple’s growing success in the Indian market, where it sold 6.7 million iPhones last year. The Apple iPhone 13 was the best-selling smartphone in India in Q4 2022 as well.
