Sankalp Phartiyal And Debby Wu Bloomberg

Apple Inc. partner Foxconn Technology Group plans to invest about $700 million on a new plant in India to ramp up local production, people familiar with the matter said, underscoring an accelerating shift of manufacturing away from China.

Apple supplier Foxconn is planning to invest about $700 million (roughly Rs. 5,763 crore) on a new plant for iPhone parts in Karnataka, people familiar with the matter said, underscoring an accelerating shift of manufacturing away from China as Washington-Beijing tensions grow. Foxconn plans to build the plant to make iPhone parts on a 300-acre sit...

Apple Inc. partner Foxconn Technology Group plans to invest about $700 million on a new plant in India to ramp up local production, people familiar with the matter said, underscoring an accelerating shift of manufacturing away from China.

Apple supplier Foxconn is planning to invest about $700 million (roughly Rs. 5,763 crore) on a new plant for iPhone parts in Karnataka, people familiar with the matter said, underscoring an accelerating shift of manufacturing away from China as Washington-Beijing tensions grow. Foxconn plans to build the plant to make iPhone parts on a 300-acre sit...