According to the trade minister of India, Apple wants India to produce up to 25% of its products rather than the 5% to 7% it does now. Apple started assembling iPhones in India in 2017 through Wistron Corp. and later Foxconn.
Source:- CNBC
Liu visited India, according to Taiwan’s Foxconn, the largest contract electronics manufacturer in the world and official name Hon Hai Precision Industries Co Ltd.
My travel this week reinforced Foxconn’s efforts to strengthen collaborations, meet up with old friends and make new ones, and seek collaboration in new sectors including semiconductor development and electric vehicles, Liu said in a statement.
Foxconn has big plans to produce electronics and electric vehicles.
Source: Hindustan Times
Liu continued, Foxconn will continue to communicate with local governments to seek the most advantageous development possibilities for the company and all stakeholders on the basis of sharing, collaborating, and thriving together.
He made no reference to any fresh, specific investment intentions for the nation, and Foxconn has not made any since his visit. Soon, 300 acres (120 hectares) in the southern Indian state of Karnataka will be used to produce Apple’s iPhones.
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