Домой United States USA — IT Foxconn plans billion dollar India business expansion — for making iPhones

Foxconn plans billion dollar India business expansion — for making iPhones

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The Taiwanese company had announced in 2015 that it would be setting up 12 plants in India that would create a million jobs in the manufacturing electronic components and assembly of smartphones.
For some time now Apple has been wooing India’s growing smartphone users. This was evident from the manner in which the upcoming iOS14 tackled issues that mattered to Indian users. Now, it appears that Apple is all set to shift production of its iPhones to the region, which could potentially reduce iPhone costs too. iOS14
A report by Reuters claimed that Apple’s manufacturing partner Foxconn could be investing up to $1 billion to expand its existing facility in southern India. And, this could just be the first step that Apple is taking to shift production base from China to other countries. report
The move, which is of a scale that hasn’t been attempted earlier, could also be a result of the ongoing trade war between Beijing and Washington, the report said. Ever since Covid-19 began in China causing Apple to shut down its manufacturing plants in Shenzhen, there have been regular reports that the company would soon be seeking newer pastures. iPhone production in India gets back on track as government relentsiPhone production in India gets back on track as government relentsApple offers customised iMacs, MacBooks in India — here’s whyApple offers customised iMacs, MacBooks in India — here’s whyApple HomePod now available in IndiaApple HomePod now available in IndiaAirPods help Apple gain top spot in Indian earbuds market for 2019AirPods help Apple gain top spot in Indian earbuds market for 2019
Foxconn operates a manufacturing unit at Sriperumbudur, which is about 50 kms west of Chennai on the eastern coast of India. The report quotes unnamed sources to claim that the investment of a billon dollars would be used to expand the capacity of this unit and would be completed within a three-year time frame.

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