Summary Foxconn will invest $500 million in building a manufacturing plant in Telangana, India, creating 25,000 direct jobs in the first phase.
Fact
🌍 Foxconn entered India in 2006.
🏭 Apple is attempting to expand its manufacturing infrastructure beyond China and could expand its iPhone manufacturing capacity in India to produce 25% of all iPhones by 2025.
💰 India’s Prime Minister Narendra Modi has introduced financial incentives to drive local manufacturing, attracting commitments from Foxconn, Wistron, and Pegatron.