The PrimeTime
News Technology

Apple manufacturing plants are moving from China to India, Foxconn announced to invest Rs 7,500 crore in India!

All American companies are leaving their manufacturing plants in China and moving to other countries. As a result, even Chinese companies began to relocate their plants to countries such as India in the interests of their customers. As part of this, Foxconn plans to invest up to $ 1 billion (approximately Rs 7,500 crore) to develop a factory in Sriperumbudur, Tamil Nadu. Foxconn is the company that manufactured and supplied iPhones to Apple.
Foxconn’s latest move comes amid a trade war between Beijing and Washington and the Coronavirus crisis that has hampered iPhone manufacturing. US President Trump has already called for the closure of China’s iPhone manufacturing plants. It is understood that Apple’s move is to slowly abandon manufacturing in China.
A source familiar with the matter told Reuters that Apple is under pressure to remove part of the iPhone from China. A Foxconn spokeswoman said it was not responding to customers’ concerns. It is learned that Foxconn’s planned investment in the Sriperumbudur plant, 50 km west of Chennai, will take place within three years. The plan is to manufacture the iPhone XR from the plant here. A Foxconn spokesman said that Apple was in talks to build some other iPhone models from its plant in India and that all plans were private and details were yet to be decided. The Foxconn plant will employ about 6,000 people. There is also a special plant in the southern Indian state of Andhra Pradesh. Here the smartphones are manufactured in association with the Chinese company Shomi.
Liu Young-Wei, chairman of Foxconn, had earlier said he would increase investment in India. Apple accounts for 1% of smartphone sales in India, the world’s second-largest smartphone market. Making more phones in the country will help Apple save on import taxes.
The central government is working with companies like Foxconn to boost electronics manufacturing. Last month, the government launched projects worth $ 6.65 billion. The government is encouraging five global smartphone makers to set up or expand domestic production plants. Apple’s expanding regional presence with the aim of creating new jobs will give impetus to Prime Minister Narendra Modi’s flagship ‘Make in India’ project.

“Publish

Related posts

China made biological weapons virus, 20 trillion in court!

Roselin Ravikrishnan

After the death of Sushant Singh Rajput, Deepika Padukone became angry with the photographers who shared her videos.

Keerthi Krishna

Ajay Devgn asks People to Help Dharavi, Takes The Responsibility Of 700 Families

Keerthi Krishna

Ajith Inviting guests for his manager’s wedding, Watch Video

Keerthi Krishna

Actress Parvathy Nambiar Wedding Video is Out!

Roselin Ravikrishnan

Fear of global slowdown due to Corona virus: worldwide stock market distraction, SGX Nifty breaks 6%

Roselin Ravikrishnan

Season 2 is so much fun! Before Bigg Boss launches, Lalettan has something to say to the audience

Aswathy Vijil

Bulbul movie review, A strongly feminist and revisionist story

Keerthi Krishna

Hollywood Actor Tom Hanks says he and his wife Rita Wilson have corona virus!

Roselin Ravikrishnan

Sowbhagya’s Stunning Look in Yellow: Sowbhagya Venkitesh Haldi Function Video and Photos

Keerthi Krishna

ARJUN KAPOOR IS BORED SITTING IN THE HOUSE

Samyuktha Varma Introduced her Sister, Photo go Viral!

escort bayan bayan escort pornhub türk porno hd porno sikiş hikayeleri travesti porno bayan escort escort bayan bayan escort casino