Foxconn, an Apple Inc supplier, has announced plans to invest $500 million in establishing manufacturing plants in Telangana, a southern state in India. This investment is expected to generate 25,000 job opportunities in the initial phase, according to K. T. Rama Rao, the states IT minister.In March, Reuters reported that Foxconn had secured a contract from Apple to produce AirPods and had intentions to construct a factory in India specifically for manufacturing these products.To mitigate the impact of COVID-related disruptions and geopolitical tensions, Apple has been relocating its production from China. This strategic move aims to reduce dependence on China for manufacturing new iPhones and other devices while minimising potential risks to its business amid the Beijing-Washington tensions.Image: https://tse4.mm.bing.net/thid=OIF.h6GJJUj0iHOcUL04klL5lw&pid=Api&P=0In late March, the Karnataka government granted approval for Foxconns investment of $968 million in the state. The news was reported by Chris Thomas and Varun Vyas in Bengaluru. The article was edited by Savio DSouza and Sonia Cheema.Image: https://tse2.mm.bing.net/thid=OIP.6B5op7fM2mbYq6MaXyQuogHaEK&pid=Api&P=0In an effort to mitigate the impact of COVID-related disruptions and navigate tensions between Beijing and Washington, Apple has been relocating its production away from China. This strategic move aims to ensure the smooth manufacturing of new iPhones and other devices.The Karnataka government granted approval to Foxconn in late March for a substantial investment of $968 million in the state.
