{"id":328377,"date":"2023-09-18T07:35:31","date_gmt":"2023-09-18T07:35:31","guid":{"rendered":"https:\/\/www.mobileworldlive.com\/?p=380620"},"modified":"2023-09-18T07:35:31","modified_gmt":"2023-09-18T07:35:31","slug":"foxconn-teases-plan-to-double-india-investment","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/2023\/09\/18\/foxconn-teases-plan-to-double-india-investment\/","title":{"rendered":"Foxconn teases plan to double India investment"},"content":{"rendered":"

<\/p>\n

\tFoxconn’s representative in India unveiled aims to double the size of its business in the country, with its investment and number of employees to increase 100 per cent, as its gears up its local infrastructure to shift more assembly out of China.<\/p>\n

In a LinkedIn post sending Prime Minister Narendra Modi birthday greetings, V Lee stated the contract manufacturer – used by Apple –\u00a0 is “aiming for another doubling of employment, FDI and business size in India.” He didn\u2019t provide details on the contract manufacturer’s plans.<\/p>\n

Apple started manufacturing iPhones via Foxconn in the country in 2017. The smartphone giant noted 7 per cent of iPhones were assembled in India at end-March.<\/p>\n

Various news outlets reported the Apple supplier planned to invest an additional $500 million [1] in two component factories in the state of Karnatakam, following plans disclosed in June to build a $700 million iPhone assembly plant [2] in Bengaluru, the state capital of Karnataka.<\/p>\n

India\u2019s government awarded INR450 billion in incentives [3] in 2020 to domestic and international electronics companies, including Foxconn.<\/p>\n

[1] https:\/\/www.mobileworldlive.com\/asia\/asia-news\/foxconn-tipped-for-500m-india-parts-factory-move\/
\n[2] https:\/\/www.mobileworldlive.com\/devices\/news-devices\/foxconn-tipped-for-bengaluru-iphone-factory-move\/
\n[3] https:\/\/www.mobileworldlive.com\/devices\/news-devices\/india-earmarks-6b-in-handset-production-incentives\/<\/p>\n\n

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Foxconn\u2019s representative in India unveiled aims to double the size of its business in the …<\/p>\n

The post Foxconn teases plan to double India investment<\/a> appeared first on Mobile World Live<\/a>.<\/p>\n<\/div>","protected":false},"author":248,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"slim_seo":{"title":"Foxconn teases plan to double India investment - ITTeacherITFreelance.hk","description":"Foxconn\u2019s representative in India unveiled aims to double the size of its business in the ... The post Foxconn teases plan to double India investment appeared f"},"footnotes":""},"categories":[8,21,7],"tags":[],"_links":{"self":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/328377"}],"collection":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/users\/248"}],"replies":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=328377"}],"version-history":[{"count":1,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/328377\/revisions"}],"predecessor-version":[{"id":328378,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/328377\/revisions\/328378"}],"wp:attachment":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=328377"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=328377"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=328377"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}