Apple Supplier Foxconn Will Hire 6000 Staff, Invest Rs 7500 Crore

Ruben Fields
July 13, 2020

"You will find a solid ask for from Apple to its clients to move portion of the Iphone generation out of China", a person of the sources with direct knowledge of the issue explained to information agency Reuters.

The investment could bring 6,000 jobs to the country, with plans to expand Foxconn's existing facilities located in Sriperumbudur, where some iPhone XR models are now made.

Foxconn assembles Apple's iPhone XR at the Sriperumbudur plant.

Digital Trends has reached out to Foxconn to confirm the planned investment, and we will update this article as soon as we hear back.

Taipei-headquartered Foxconn will add some 6,000 jobs at the Sriperumbudur plant under the plan.

Both sources said that Foxconn manufactures some of Apple's iPhone models in China, some of which will be manufactured at an Indian plant.

Foxconn has two plants in Tamil Nadu and Andhra Pradesh where it assembles Apple and Xiaomi smartphones while employing thousands of workers. Foxconn chairman Liu Young-way last month hinted that the company would ramp up its investment in India.

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The rapid melting of the Himalayan glaciers due to climate change may also be a cause of more risky summer flooding. Some 28,000 homes have been damaged and 141 people have died or are missing since the floods began last month.

If Foxconn starts assembling iPhones in India it will probably lead to a bigger market share for Apple in the country.

Setting up far more telephones in the nation will also support Apple help save on import taxes that even more push up its costs.

"With India's labour cheaper in contrast with China, and the gradual enlargement of its supplier base listed here, Apple will be equipped to use the place as an export hub", mentioned Neil Shah of Hong Kong-centered tech researcher Counterpoint.

Apple's production shift is in line with an Indian government plan, launched last month, to offer incentives to global smartphone markers in exchange for promises of establish or expand production in the South Asian country.

Samsung has already said it will make smartphones for export from its plant outside New Delhi, according to the Reuters report.

Acquiring Apple widen its local existence is probably to be a increase for Primary Minister Narendra Modi's flagship "Make In India" drive, aimed at generating new jobs.

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