Foxconn, one of Apple’s biggest business partners, is heading to the Indian market. It is said that 1 billion dollars a half will be made for this.
Foxconn turns to the Indian market
Foxconn, one of the biggest manufacturers in China, is also known for being the supplier manufacturer of Apple. However, Foxcoon is preparing to move to new countries as part of its growth plans.
Faced with the worst picture of the last 20 years, especially during the coronavirus period, Foxconn is making a new planning by 2020. For this, Foxcoon plans to open new production centers in new regions such as India.
Foxconn, which plans to expand its facility in Tami Nadu in India, will invest $1 billion for this. This expansion plan in India will have a significant impact on Foxconn’s plans to move out of China. With this investment made by Foxconn, it is also spoken that there will be 6,000 jobs in India.
With the expansion work of Foxconn in India, it is aimed to produce iPhone models. It is stated that the share of Apple phones in India is 1-2 percent.