Foxconn, a key Taiwan-based manufacturer of Apple iPhones, is likely to expand its manufacturing facility in India by adding two more buildings at its site near Chennai, according to a recent media report.
What Happened? Per an ET report, Foxconn’s expansion plans in India are underway and gathering pace.
“A few months ago, Foxconn proposed to expand manufacturing facilities within its existing premises,” said a person aware of the developments while speaking to ET.
“They (Foxconn) broadly indicated that there would be at least two more buildings that they would like to construct to manufacture iPhones. Detailed plans will be submitted later when they seek approvals and clearance,” the source said.
“The two new facilities that Foxconn is looking to build will be in addition to two other buildings that they have already constructed at the Chennai site,” the person added.
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Two officials close to the manufacturer have also stated that the company is looking to establish a research and development (R&D) centre in Bengaluru’s Whitefield, indicating its rapid capacity expansion in India.
Meeting Apple’s Growing India Ambitions: The Cupertino giant’s growing ambitions in the world’s second-largest smartphone market were signalled by Apple CEO Tim Cook‘s visit to India to launch its first store in the country.
In March, Foxconn Chairman Young Liu marked his second visit to India in less than a year and committed to further investments. Liu highlighted during his visit that India is becoming an increasingly important location for Foxconn, one of the largest suppliers of Apple products worldwide.
According to sources aware, Foxconn is due to begin construction of an iPhone manufacturing and assembly unit near Bengaluru International Airport by May of this year. The proposed R&D centre in Whitefield may also be one of the company’s multiple plans for investing in the southern state.
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