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Foxconn’s chairman said last month that he sees great potential in India. (Clerical)
Apple supplier Foxconn plans to double its workforce and investment in India by next year, a company executive said on Sunday.
Taiwan’s Foxconn, the world’s largest electronics contract manufacturer, has rapidly expanded its presence in India by investing in manufacturing facilities in the country’s south as the company looks to move away from China.
Wee Li, Foxconn’s India representative, said in a LinkedIn post to mark Indian Prime Minister Narendra Modi’s 73rd birthday that the company is “looking to further double employment, foreign direct investment (FDI) and business size in India” so far. Next year.
He did not provide further details.
Foxconn already has an iPhone factory in the state of Tamil Nadu that employs 40,000 people.
In August, the state of Karnataka said Foxconn would invest $600 million in two projects in the state to make iPhone housing components and chip-making equipment.
The company’s chairman, Liu Yang-wei, said in an earnings briefing last month that he sees great potential in India, adding: “several billion dollars of investment is just the beginning.”
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
