Foxconn Likely To Expand iPhone Manufacturing At Chennai 

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Foxconn is reportedly planning to add two more buildings to its Chennai plant to expand its manufacturing capabilities in India. The expansion is expected to help the Taiwanese contract manufacturer to produce more iPhones in the country. In addition to this, Foxconn is also looking to establish a research and development facility in Bengaluru’s Whitefield. The move comes as Apple CEO Tim Cook visits India to launch the company’s first two stores in the country. Reportedly, iPhone exports from India have increased by 4 times to reach $5 billion in FY23. Foxconn, Pegatron and Wistron – the three contract manufacturers in India – alone employ 62,300 employees among themselves, a number which is set to rise as the company is looking to bring more of its production to India. It’s great to see that Apple’s expansion in India is not only bringing more investment and production to the country but also creating job opportunities for the Indian workforce. According to the Union Minister of State for Electronics and Information Technology Rajeev Chandrasekhar, Apple has created more than 1 Lakh jobs in India, and the three contract manufacturers in India, Foxconn, Pegatron, and Wistron, employ 62,300 employees among themselves. As Apple continues to invest in India and expand its manufacturing capabilities, we can expect to see further job growth in the country.  Union Minister of Commerce and Industry Piyush Goyal had announced earlier this year that Apple is planning to increase its production in India to 25% of its total production. However, a concrete timeline for achieving this target has not been shared yet