iPhone-making company Foxconn will double investment in India, there will be a large increase in employment opportunities

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Foxconn already has an iPhone factory in Tamil Nadu, In which 40 thousand people are employed and have signed an agreement to invest Rs 1,600 crore in a new electronics component unit in the state, Which will create six thousand jobs.

iPhone maker Apple supplier Foxconn has committed to double the size of employment, investment and business in India by next year. This underscores its smooth and rapid growth in the country. A company executive said this. On Sunday, Foxconn representative V Lee wrote on his LinkedIn, wishing Prime Minister Narendra Modi his birthday, Under your leadership, Foxconn has grown at a smooth pace in India. Prime Minister Modi turned 73 on Sunday. Li said, we have aimed to double employment in India, ( FDI ) and business size. Next year will work harder to give you a big birthday gift.

40 Thousand people work in the company right now

Electronics and Information Technology Minister Ashwini Vaishnav said on Monday that the government would support Taiwanese electronics giant Foxconn’s ambitious plans to double its manufacturing capacity in India “Fully committed. Foxconn, the largest manufacturer on contract in the world of electronics, is exploring opportunities in India to set up an alternative supply chain outside China. Foxconn is the main assembler of the Apple iPhone and both companies are keen to move away from China to create alternative supply chains. Foxconn already has an iPhone factory in Tamil Nadu, In which 40 thousand people are employed and have signed an agreement to invest Rs 1,600 crore in a new electronics component unit in the state,Which will create six thousand jobs. The company has also announced that it will invest an additional Rs 3,300 crore in its manufacturing facility in Telangana. This will increase the total investment of the company in the state to more than Rs 4,550 crore.

India is an important country for investment

Earlier this month, Chairman and Chief Executive Officer of Hone High Technology Group ( Foxconn ) ( CEO ) Young Liu said that India was an important country in terms of future manufacturing Will happen. Significantly, his remarks were seen linking the country’s bold steps with acceptance by global companies. Liu had said, If there is no major change, India will be in our very important market in terms of manufacturing in future.

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