Brief by Shorts91 Newsdesk / 05:41am on 18 Sep 2023,Monday Business
Foxconn, Apple's largest supplier, is set to double its workforce in India. Foxconn India head V Lee announced the plans in a LinkedIn post wishing PM Modi on his birthday. Foxconn already employs 40,000 at its Tamil Nadu plant and seeks to rapidly expand manufacturing capacity in India amid worsening geopolitics. The move aligns with Foxconn's aim to reduce over-reliance on China. Lee stated Foxconn will work harder to present an even greater employment boost and investment next year. Reports last year suggested Foxconn planned to add 53,000 workers in India over two years. Recently, Foxconn announced $600 million investments in Karnataka focused on iPhone casing and chip equipment. The announcement highlights India's potential as Foxconn diversifies from China.
