Foxconn’s; iPhone Output 2 Crore Units 2024
Foxconn’s Bengaluru Venture: iPhone Manufacturing to Commence by April 2024, Creating 50,000 Jobs”
Taiwanese electronics giant Foxconn, a prominent supplier to Apple, has announced plans to commence iPhone manufacturing in Bengaluru by April 2024, according to MB Patil, the Minister for Large and Medium Industries.
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The proposed Devanahalli plant will be utilized for this purpose, with the state government expediting the allocation of the necessary land by July 1, as reported by India Today.
Valued at Rs 13,600 crore, the ambitious project is expected to generate around 50,000 employment opportunities.
Foxconn envisions completing the venture in three phases, with the ultimate goal of producing a staggering two crore iPhones annually from the new facility upon completion of all phases.
This strategic move by Apple to diversify its supply chains away from China and manufacture its flagship model in India comes at a time of escalating trade tensions between Washington and Beijing.
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While the majority of iPhones are currently manufactured in China, India serves as an assembly hub for several Apple suppliers, including Foxconn.
Presently, India accounts for 5% of the total iPhone production.
Significant progress has already been made, as Foxconn has paid 30% of the land cost (Rs 90 crore) to the Karnataka Industrial Area Development Board (KIADB).
The state industries department has accelerated the establishment of the Rs 13,600 crore project.
Former Chief Minister Basavaraj Bommai had previously announced that Apple would soon commence iPhone manufacturing at a new Bengaluru plant, generating approximately 100,000 job opportunities.
Additionally, Union Minister Ashwini Vaishnaw highlighted India’s remarkable growth in the mobile devices segment, with smartphone exports doubling to over $11 billion.
Apple, as a major contributor, accounts for nearly half of India’s total mobile phone exports.
The exponential growth in smartphone exports to over $11 billion positions India as a global leader in the mobile device market, significantly bolstering the country’s electronic exports.
This achievement is a testament to the success of Prime Minister Modi’s ‘Make in India’ initiative, as stated by Vaishnaw, according to the news agency PTI.
