Foxconn
Foxconn, one of Apple’s main suppliers, and a significant producer of iPhone components, will invest approximately $700 million to construct a new facility in the state of Karnataka, in India. The move comes as US companies are increasingly reassessing their dependence on China against the backdrop of growing tensions between the United States and the Chinese government. It is reported that Foxconn will erect an iPhone parts plant on a 300-acre land close to Kempegowda International Airport in the capital of Karnataka state. Located on India’s southwest coast, Bangalore has one of the highest per-capita GDP levels of any Indian state. Government representatives confirmed this report, which stated that the new plant would generate 100,000 jobs. The project will be one of Foxconn’s biggest investments in India.
India and Vietnam have emerged as the two leading candidates to supersede China’s dominance in manufacturing and supply. Prior news reports back the statement made by Indian government officials who said that Apple wanted to increase production in India to make up 25% of their overall output. Foxconn already has a footprint in India through a Chennai-proximate factory in eastern India.
What began as a childhood fascination with colour and form for Shivani Virani, has now…
Driven by passion and a deep-rooted belief that true well-being should not be confined to…
In a city as vibrant as Dubai, where food is a universal language, My Food…
Beyond the theatrics of the show-stopping mega event, FIFA 2034, is a deeper strategy at…
They are big, influential, and deeply woven into the Gulf’s economic fabric. The big question…
How is this young, digitally-driven region gearing for its globally competitive startup economy and the…
This website uses cookies.