Foxconn to Start Construction of New Plant in Bengaluru in May 2023

BUSINESS

Apple reported that Hon Hai Chairman Liu Yangwei showed India’s Prime Minister Narendra Modi the layout of their new plant in India during a recent meeting. Hon Hai plans to contribute about US$700 million to fabricate another processing plant in India, close to the air terminal in Bangalore, the capital of Karnataka, which might gather Apple items. Additionally, the report mentioned the opening of a brand-new secondary plant to manufacture AirPods in the Indian state of Telangana.

Today, the Indian press says that Hon Hai Technology Group, whose part is Foxconn, is planning to start building an iPhone plant next month in Bengaluru next to the Bengaluru International Airport. The proposal from Foxconn had been approved by India’s state high level clearance committee (SHLC), which was led by Karnataka Chief Minister Bommai.

It is anticipated that the aforementioned Foxconn plant, which will reportedly be established on a 300-acre site, will be India’s largest mobile manufacturing unit. In addition to manufacturing, the plant is said to be anticipating the creation of approximately 50,000 jobs over the course of five years.

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Foxconn is reportedly building another plant in Telangana in addition to Bengaluru. According to recent media reports, Foxconn received an order to manufacture AirPods in India, and the facility in Telangana may begin construction in the second half of 2023.

As per reports, Apple’s President is set to meet with India’s State head Narendra Modi whose administration has been pushing for gadgets fabricating in his nation and has offered billions of dollars in impetuses to draw in Apple’s assembling accomplices like Foxconn Innovation Gathering and Pegatron Corp.