Foxconn, one of Apple‘s major suppliers, has chosen to increase its workforce there. Through their LinkedIn profile, the company’s representative in India released a message to the public. The statement was made by Foxconn’s representative in India, V. Lee, who also wished Prime Minister Modi a happy 73rd birthday. At its Tamil Nadu location, the Taiwan-based iPhone producer already had 40,000 employees. Lee did not, however, provide any precise figures in relation to this announcement.
The biggest contract electronics maker right now is Foxconn. As a result of the company’s quick expansion of its manufacturing facilities in India’s southern states, India is one of its rising markets. Due to the global geopolitical climate getting worse, the corporation wants to become less dependent on China.
V. Lee wished the Honorable Prime Minister a happy birthday in a LinkedIn post. Foxconn’s expansion in India has been steady and quick thanks to your guidance. We will try even harder to give you a significant birthday gift the following year with the aim of tripling employment and supporting the Indian economy. ” This move is expected to significantly impact FDI and the scale of business in India.
According to Reuters, Foxconn expects to hire 53,000 more people over the next two years, bringing the total number of people working there to close to 70,000. Two Indian government officials were quoted in the study.
Karnataka declared in August that Foxconn would contribute $600 million to two state-funded projects. These initiatives will concentrate on producing iPhone case parts and machinery for chip manufacture.
Foxconn’s Chairman, Liu Young-way, voiced excitement about the opportunities in India during a recent results briefing and claimed that several billion dollars in investment is just the beginning.