Operational expansion to 'Foxconn City': A look at Foxconn's India announcements
has offered about 2,000 acres of land to Taiwanese contract manufacturer Foxconn to set up a 'Foxconn City', similar to its facilities in its home country and China. Karnataka and Tamil Nadu are also aggressively courting the company to set up the industrial township.
As India's place gets cemented into Foxconn's future plans, here's a look at major expansion announcements made by the company recently:
Total investment: Foxconn has invested $1.4 billion in India till date. Chairman Young Liu, a Padma Bhushan awardee, said India is an integral partner for the company and its business here has grown to over $10 billion till 2024.
More iPhones: ET reported on August 21 that Foxconn has likely started trial production of the iPhone 16 Pro and Pro Max models — set to be released in September — at its Chennai facility. Apple has also started pilot runs for the base models with plans for mass production to meet the global launch timeline.
Pro models were so far being made exclusively in China, but Apple is looking to move away from there amid geopolitical tensions. ET also reported in July that Foxconn is evaluating plans to assemble Apple’s flagship tablet iPad in India, marking a significant expansion of its current operations.
Moving up the value chain: Liu told ET on August 18 that Foxconn intends to go beyond smartphones and make products for sectors like information and communication technology (ICT), electric vehicles (EVs), batteries as part of their EV strategy and digital health in its next phase of growth
