Foxconn reportedly secured board approval to take a position at the least one other $1 billion to extend manufacturing capability in India, including to a $1.6 billion funding it introduced final month.

Bloomberg reported the extra capital had been earmarked to assist the constructing of a 300-acre website close to an airport within the metropolis of Bengaluru, the state capital of Karnataka, which is able to primarily manufacture Apple units.

Foxconn said in a inventory market submitting in November that it could plough $1.6 billion into India for operational wants, with out revealing particulars about new website amenities.

In August, numerous information retailers speculated Foxconn would make investments a further $500 million in two part factories in Karnataka, including to a $700 million funding it dedicated for an iPhone meeting plant in June.

With its funding rising to $2.6 billion in India, Foxconn is delivering on Apple’s push for its suppliers to diversify their operations by shifting amenities outdoors of China.

The firm has lengthy manufactured units within the East Asia nation, however rising commerce tensions between it and the US has meant Apple needed to pursue a distinct technique and shift meeting to different markets.

Bloomberg added Foxconn can also be prone to put a portion of its funding in India in direction of units and elements for different clients.