According to officials, Apple will produce iPhones at a new plant in India as the American tech giant aims to increase production there and diversify away from China.
The corporation in a new 300-acre plant in Karnataka state, India, would be established, according to announcements made by Chief Minister Basavaraj Bommai and Union Minister Rajeev Chandrasekhar.
They added that the investment was estimated at $700 million on a new plant and would employ 100,000 people.
According to local media, following a meeting with Prime Minister Narendra Modi earlier this week, Foxconn Chairman Young Liu made the news while visiting that city on Friday.
Since 2019, Foxconn, the leading iPhone manufacturer in the world, has produced Apple smartphones in India at its factory in the southern state of Tamil Nadu. In addition, Apple announced last September it would manufacture its latest iPhone 14 in India, just weeks after launching the flagship model.
However, according to Bloomberg, India accounts for less than five per cent of Apple’s global production, lagging behind the United States, China, Japan, and other countries.
The leading flagship mobile’s global supply chain is based in China, while the ongoing diplomatic tensions with the United States and strict Covid-19 policies last year have undermined production.
Meanwhile, Part of Prime Minister Modi’s “Made in India” initiative encourages international companies to produce goods and productions in the South Asian country.