Apple's New Indian Dream: A 300-acre Plant in Karnataka Would Provide 1 Lakh Jobs for Foxconn To Make iPhones
iPhones Would Be Made At A 300-Acre Plant In Karnataka, "To Create 1 Lakh Jobs"
Foxconn, which is second in the world for producing Apple
phones, reported earnings of 206 billion dollars in 2021.
According to today's news, tech giant Apple will produce its iPhones in a brand-new 300-acre facility in the Indian state of Karnataka. The project is anticipated to provide up to one lakh employment, significantly boosting the local economy.
The factory's development and management will be under the control of Foxconn, the Taiwanese company that makes Apple's devices. With a view to increasing domestic output, the business intends to invest $700 million in the new facility.
Both Chief Minister Basavaraj Bommai and Union Minister Rajeev
Chandrasekhar welcomed the facility as a significant development for the Indian
tech sector when they made the announcement. As the Chief Minister spoke of the
"whole lot of chances for Karnataka" that would come with the new
investment, Mr. Chandrasekhar tweeted his appreciation for the "twin
engine sarkar" of Mr. Modi and Mr. Bommai.
Bloomberg claims that the plant, which will be among the
biggest for producing Apple phones, may also build the devices. Also, there are
rumors that Foxconn may utilize the location to manufacture some of the
components for its embryonic electric car company.
India, which has been working hard to draw in
international investment and develop its IT economy, has enthusiastically
welcomed the news. Today, a group from Foxconn management paid a visit to the
facility close to the airport in Bengaluru, led by Chairman Young Liu. Speaking
to reporters, Mr. Liu commended the Indian government for fostering a
"business-friendly and effective" environment.
With the ongoing escalation of tensions between Washington
and Beijing, the facility is part of a bigger trend of multinational
corporations relocating their manufacturing away from China. Foxconn still
maintains a sizable manufacturing facility in the Chinese city of Zhengzhou,
but it is also making significant investments in other nations, such as India.
This is Foxconn's second significant investment in India,
following the start of the newest iPhone production at a facility in Tamil
Nadu. With a revenue of $206 billion in 2021, the corporation is also the
second-largest producer of Apple phones globally. Foxconn has campuses and
offices spread over 173 locations in 24 different nations or regions.
The new facility offers India a big chance to develop its
tech sector and give its people work. The nation is well-positioned to benefit
from the trend towards outsourcing and offshore as the global IT industry is
seeing rapid growth.
India is positioned to play a significant role in the
future of the global IT sector as the globe becomes more linked and as
technology continues to transform our lives. With the opening of the new
facility in Karnataka, the nation is moving closer to achieving that goal..
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