INVC NEWS
Mumbai – : Foxconn, the major iPhone manufacturer linked to Apple Inc., is set to invest ₹13,000 crore to expand its production capacity in India, marking a significant boost to Apple’s ‘Make in India’ initiative. This strategic move involves closing down certain production units in China and ramping up manufacturing capabilities in South India, signaling a major shift in Apple’s global production strategy.
The Taiwanese manufacturing giant, Hon Hai Precision Industry, disclosed the investment plan through Taiwan Exchange filings, revealing plans to establish new plants and increase output capacity to meet growing demand. Apple’s focus on India is driven by the lower manufacturing costs compared to China and the US, alongside the government’s favorable policies encouraging local production.
Despite recent comments by US President Donald Trump urging Apple to keep production within the United States, the tech giant is doubling down on its India operations. Trial production for the iPhone 17 series has already commenced in collaboration with Foxconn and Tata Electronics, indicating that Apple aims to have all iPhones sold in the US manufactured in India by 2026.
This transition aligns with Apple’s broader vision of localizing production, reducing dependency on China, and tapping into India’s vast market potential. The ₹13,000 crore investment is expected to create numerous job opportunities and strengthen India’s position as a global electronics manufacturing hub.
Apple’s ‘Make in India’ plans face challenges, but the firm remains committed to expanding manufacturing footprint in India, setting the stage for a new era in smartphone production. With increased local production, India is poised to become a key player in the global supply chain for Apple products.
