Foxconn Technology Group, the world’s largest contract electronics maker and a key iPhone assembler, intends to invest about 700 million dollars to establish a new facility in India aimed at boosting local production capacity. The Bloomberg report, citing unnamed sources, first brought the plan to light.
The coverage points to a broader trend of manufacturing shifting away from China as geopolitical frictions between Washington and Beijing intensify. Analysts say the move signals how supply chain realignments are accelerating in response to pricing pressures, trade policy uncertainty, and the push for regional resilience.
According to the source, Foxconn plans to open a factory near the Bengaluru airport that will produce components for Apple smartphones. The location aligns with India’s growing status as a hub for electronics manufacturing and its favorable policy environment for investment in high-tech production.
Previously, Yang Liu served as chairman of Foxconn before his visit to India, where he held discussions with authorities in the southern states regarding the project. The discussions touched on local incentives, labor considerations, and the potential for broader supplier ecosystems to develop around the facility.
Early information suggests the business units involved may concentrate on different segments of electronics production. One arm could focus on components for iPhone devices, while another may target parts for electric vehicles. Reports also note that Apple has been pursuing the development of its own autonomous electric vehicle for several years, a project whose progress remains closely watched by industry observers and investors alike.
Industry experts emphasize that the investment would complement India’s ongoing manufacturing push, including recent incentives designed to attract global tech giants. If realized, the project could strengthen the local supply chain for premium consumer electronics and accelerate the adoption of advanced manufacturing practices across the region. Observers caution that regulatory approvals, siting details, and the integration with existing Foxconn facilities will determine the pace and scope of any construction and production milestones. The Bloomberg report underscores the strategic importance of such moves for Foxconn as it expands its footprint in South Asia and helps diversify its production network beyond China. Analysts also note the potential ripple effects for local job creation, skill development, and regional technology ecosystems. The situation remains fluid, with additional updates expected as Foxconn progresses through planning, approvals, and supplier onboarding. (Bloomberg)