+
Foxconn plans to double Indian jobs, investments in 12 months
ECONOMY & POLICY

Foxconn plans to double Indian jobs, investments in 12 months

Foxconn expressed their intentions to double their workforce and increase investment in India by the following year. The world's largest contract manufacturer of electronics, based in Taiwan, has been swiftly expanding its presence in India by making investments in manufacturing facilities in the southern part of the country, as it seeks to shift away from China.

V Lee, who serves as Foxconn's representative in India, conveyed in a LinkedIn post on the occasion of Indian Prime Minister Narendra Modi's 73rd birthday that the company was targeting a twofold increase in employment, foreign direct investment (FDI), and business scale in India within the next year. Foxconn presently operates an iPhone manufacturing plant in the state of Tamil Nadu, employing 40,000 individuals.

In August, the state of Karnataka announced that Foxconn had committed to investing $600 million in two projects within the state, aimed at producing casing components for iPhones and manufacturing chip-making equipment.

During an earnings briefing last month, the company's Chairman, Liu Young-way, articulated his belief in the substantial potential of India, stating that "several billion dollars in investment is only a beginning."

Also read:
India and Russia to launch Eastern Maritime Corrido 
Rosatom, Gazprom Neft agree to northern sea route 

Foxconn expressed their intentions to double their workforce and increase investment in India by the following year. The world's largest contract manufacturer of electronics, based in Taiwan, has been swiftly expanding its presence in India by making investments in manufacturing facilities in the southern part of the country, as it seeks to shift away from China. V Lee, who serves as Foxconn's representative in India, conveyed in a LinkedIn post on the occasion of Indian Prime Minister Narendra Modi's 73rd birthday that the company was targeting a twofold increase in employment, foreign direct investment (FDI), and business scale in India within the next year. Foxconn presently operates an iPhone manufacturing plant in the state of Tamil Nadu, employing 40,000 individuals. In August, the state of Karnataka announced that Foxconn had committed to investing $600 million in two projects within the state, aimed at producing casing components for iPhones and manufacturing chip-making equipment. During an earnings briefing last month, the company's Chairman, Liu Young-way, articulated his belief in the substantial potential of India, stating that several billion dollars in investment is only a beginning. Also read: India and Russia to launch Eastern Maritime Corrido Rosatom, Gazprom Neft agree to northern sea route 

Next Story
Technology

Six ways a smarter workflow leads to faster, more accurate bids

In today’s fast-paced civil construction environment, estimators need more than just solid numbers. They need smart, streamlined processes. This article explores six key ways connected workflows can transform the estimated approach, help in minimising risk, move faster, and improve accuracy. By integrating tools, data, and teams, one can produce stronger bids with less rework, fewer surprises, and more confidence. As an estimator, the job goes beyond producing numbers. They are responsible for delivering bids that are fast, accurate, and built to win. In today’s civil construction ind..

Next Story
Real Estate

Experion Launches Women-Only Co-Living Project in Greater Noida

Experion, part of Singapore-based AT Capital Group, has launched its first co-living space under its managed rental housing brand, VLIV, in Greater Noida. The all-women residence features 730 twin-sharing beds with a strong focus on safety, comfort, and well-being. VLIV has committed a $300 million investment to create a structured, service-led rental housing ecosystem in India. The brand aims to scale up to 20,000 beds in the next few years, with a long-term target of 100,000 beds nationwide. “India’s rental housing is fragmented. VLIV is our way of building long-term, dependabl..

Next Story
Infrastructure Urban

Officine Maccaferri Acquires CPT to Bolster Tunnelling Tech

Ambienta’s platform company, Officine Maccaferri S.p.A., has acquired CPT Group, a leading Italian developer of robotic prefabrication systems and digital control technologies for mechanised tunnelling. The move positions Maccaferri as a global player in integrated tunnelling solutions, blending traditional and advanced mechanised systems. Based in Nova Milanese, CPT serves major global contractors across Europe, Southeast Asia, and Australia. The company offers robotic prefabrication (Robofactory), productivity-monitoring software for Tunnel Boring Machines (TBMs), and eco-designed spa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?