IPhone Maker Foxconn Aims to Double India Investment, Employment
- Foxconn is among electronics makers diversifying beyond China
- India becoming a manufacturing hub as US-China tensions grow
A mobile phone plant operated by a unit of Foxconn Technology Co. in Sriperumbudur, Tamil Nadu, India.
Photographer: Karen Dias/BloombergThis article is for subscribers only.
Apple Inc. partner Foxconn Technology Group plans to double its investment and employment in India, highlighting an accelerating manufacturing shift away from China as Washington-Beijing tensions grow.
V Lee, a Foxconn representative in India, said in a LinkedIn posting Sunday the Taiwanese company plans to double the size of its business in the South Asian country, as he congratulated Prime Minister Narendra Modi for his birthday. He didn’t give details.