Is it good or bad?Foxconn Spends US $500 Million to Build New Factory in India Media Reveals Worrying Yield of "Made in India"
On May 15, the Minister of Information Industry of the southern Indian state of Telangana announced that construction of Apple supplier Foxconn's first manufacturing plant in the state had begun.。The first phase of investment will exceed $500 million and create 25,000 jobs in the state.。
On May 15, KT Rama Rao, Minister of Information Industry in Telangana, southern India, tweeted that Apple supplier Foxconn's first manufacturing plant in the state began construction.The first phase of investment will exceed $500 million and create 25,000 jobs in the state.。
In March this year, the media broke the news that Foxconn had obtained manufacturing orders for Apple's AirPods and planned to build a factory in India to produce these products.。
Previously, in order to avoid the impact of its business, Apple has begun to transfer part of the industrial chain from China to foreign countries.。而是Considering the cost of product transfer, most of Apple's suppliers are considering moving their business to Southeast Asia or South Asia.。
Among them, India has been promoting competition to undertake some products.。
India offers incentives to Apple suppliers, including Foxconn, to boost manufacturing and job creation in the country。It is reported that,Foxconn built the latest iPhones at a factory in Tamil Nadu early last year.In addition,In late March, Foxconn also received approval from the Karnataka government to build the plant.Invest in the State 9.$6.8 billion, plans to create 50,000 new jobsThe state is also located in southern India, and its famous city Bangalore, known as the "Silicon Valley of India," is where the factory is located.。
Local media said the plant could be used to assemble iPhones, while Foxconn is also likely to use the plant to produce spare parts for its fledgling electric car industry.。
Although suppliers are in full swing in India, "Made in India" has been exposed to uneven product quality.。In February this year, there were media reports that the yield of the iPhone shell produced by the famous Indian company Tata Group was only 50%, which seriously affected the release speed of Apple's new machine.。
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