Foxconn said to invest US$3.5 billion in iPhone facility in India

28 May

As the largest phone market in the world, India has become the most important battlefield for all major vendors. In response to related policies in India, Apple’s largest subcontractor Foxconn, also known as Hon Hai, is said to invest US$3.5 billion for two production facilities and a R&D center in Maharashtra, India.

The phone market in India is expected to enter a rapid growth in the next five years but only 7 percent of the phones in India are made locally. To push growth, the Indian government announced a new regulation stipulating that phone vendors are only allowed to open brick-and-mortar retail stores if they carry products made domestically. Meanwhile, manufacturers will also receive subsidies for building production line in India.

BGR website cited unnamed sources and said that Foxconn has obtained approval from the Indian government to establish assembly lines for iPhone in Maharashtra. Devendra Fadnavis, chief minister of the state,recently went to China with Indian Prime Minister Narendra Modi and visited the Foxconn facility in Henan Province.

Sources also said Foxconn plans to invest US$3.5 billion to build two production facilities and a R&D center. It is unclear if the production lines will be exclusively for iPhone.

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