Foxconn to Invest ₹12,800 Crore in India Despite Trump’s Exit Request
iPhone Maker Foxconn Bets Big on India, Moves Ahead With ₹12,800 Cr Investment
Foxconn, The World’s Largest Contract Electronics Maker And Major Supplier For Apple, Has Announced It Will Invest $1.5 Billion (₹12,800 Crore) In India, Even After US President Donald Trump Urged Apple To Stop Production In The Country.
Foxconn Plans To Expand Its Operations Through Its Singapore-based Subsidiary, Which Will Buy Shares In Yuzhan Technology India. This Company Is Linked To Foxconn’s Tamil Nadu-based Unit, Where Electronic Components Are Built And IPhones Are Assembled.
This Move Is Part Of Foxconn’s Strategy To shift Manufacturing Out Of China And Make India A key Production Hub For Apple Devices.
The Investment Shows Strong Support For India’s Growing Electronics Industry And Sends A Message That global Companies Are Committed To India Despite Political Pressures.
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