Apple assembler Foxconn to invest $500 million in India’s Telangana state, create 25,000 jobs

Major Apple assembler Foxconn will invest $500 million to set up manufacturing plants in the southern Indian state of Telangana, the state’s IT minister said on Monday.

Apple assembler Foxconn to invest $500 million in India’s Telangana state, create 25,000 jobs
iPhone News
15-05-2023 13:57

The investment will create 25,000 jobs in the first phase, K. T. Rama Rao said in a tweet.

Apple has been shifting production away from China, where prior COVID restrictions disrupted the manufacturing of new iPhones and other devices. The tech company is also looking to avoid a hit to its business due to tensions between Beijing and Washington.

Foxconn in late March received approval from the Karnataka government for a $968 million investment in the state.

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