Written By Shweta Ganjoo
Published By: Shweta Ganjoo | Published: May 15, 2023, 02:54 PM (IST)
Apple Inc supplier Foxconn will invest $500 million to set up manufacturing plants in the southern Indian state of Telangana, the state’s IT minister said on Monday. Also Read: Apple WWDC 2026 confirmed for June: Check dates, schedule, expected announcements
The investment will create 25,000 jobs in the first phase, K. T. Rama Rao said in a tweet. Also Read: iOS 26.3.1 (a) brings Background Security Improvements: What it fixes and why you should install it
Reuters in March reported that Foxconn had won an order to make AirPods for Apple and planned to build a factory in India to manufacture the products. Also Read: New budget iPad may finally get Apple Intelligence support in 2026
Apple has been shifting production away from China, where prior COVID restrictions disrupted the manufacturing of new iPhones and other devices. The tech company is also looking to avoid a hit to its business due to tensions between Beijing and Washington.
Demonstrating the “Telangana Speed”, I am happy to announce the groundbreaking of first of Foxconn’s plants in Telangana at Kongar Kalaan today
With an investment of over $500M it shall create 25,000 direct jobs in first Phase #Telangana #Foxconn pic.twitter.com/PHThJWxsfT
— KTR (@KTRBRS) May 15, 2023
Foxconn in late March received approval from the Karnataka government for a $968 million investment in the state.
— Reuters