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Foxconn Technology Group has received approval to speculate not less than $1 billion extra in a plant it’s constructing in India that may make Apple Inc. merchandise, a significant ramp-up in its objective of constructing a hub past China.
The world’s largest assembler of iPhones plans to spend that quantity on high of the $1.6 billion it earlier set aside for the 300-acre website near Bengaluru’s airport, folks acquainted with the matter stated. The new capital will bankroll extra capability for Apple gadgets, together with doubtless the iPhone, folks acquainted with the matter stated, declining to be named as the data is personal.
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