Apple supplier Foxconn to invest $500 mn in Telangana: IT Min KTR

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

Foxconn Technology Group

Listen to This Article

BENGALURU (Reuters) -Apple Inc supplier 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.

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

Reuters in March reported that Foxconn had won an order to make AirPods for Apple and planned to build a factory in India to manufacture the products.

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.

(Reporting by Chris Thomas and Varun Vyas in Bengaluru; Editing by Savio D'Souza and Sonia Cheema)

Also Read

Apple opens its first official store in Mumbai; what we know so far

Foxconn freezes hiring sighting four-day quarantine space shortage

Apple supplier Foxconn to start construction of its Karnataka plant in May

Apple BKC Mumbai store previewed ahead of April 18 opening: See pictures

Here's a first look of the Apple store that opens in Mumbai tomorrow

Riot in Akola which killed 1 was possibly pre-planned: Maha minister

Tihar Jail SP transfers two inmates to Satyendra Jain's cell; gets notice

No call to go to Delhi, govt will be formed at auspicious time: Shivakumar

Indian national allegedly shot dead by cop in Uganda over Rs 46,000 loan

Day after riots in Maha's Akola, Internet cut off, uneasy calm prevails

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: May 15 2023 | 12:40 PM IST

Explore News