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FILE PHOTO-A girl drives previous the emblem of Foxconn outdoors the corporate’s constructing in Taipei, Taiwan November 9, 2022. REUTERS/Ann Wang/File Photo Acquire Licensing Rights
Sept 17 (Reuters) – Apple (AAPL.O) provider Foxconn (2317.TW) goals to double its workforce and funding in India by subsequent yr, an organization government mentioned on Sunday.
Taiwan-based Foxconn, the world’s largest contract producer of electronics, has quickly expanded its presence in India by investing in manufacturing services within the south of the nation as the corporate seeks to maneuver away from China.
V Lee, Foxconn’s consultant in India, in a LinkedIn post to mark Indian Prime Minister Narendra Modi’s 73rd birthday, mentioned the corporate was “aiming for another doubling of employment, FDI (foreign direct investment), and business size in India” by this time subsequent yr.
He didn’t give extra particulars.
Foxconn already has an iPhone manufacturing facility within the state of Tamil Nadu, which employs 40,000 folks.
In August, the state of Karnataka mentioned Foxconn will invest $600 million for 2 tasks within the state to make casing parts for iPhones and chip-making tools.
The firm’s Chairman Liu Young-way said in an earnings briefing final month that he sees lots of potential in India, including: “several billion dollars in investment is only a beginning”.
Reporting by Shivani Tanna in Bengaluru; Editing by Susan Fenton
Our Standards: The Thomson Reuters Trust Principles.
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