Foxconn – Taiwanese electronics manufacturer to expand India plant

With investment around $1 billion, Foxconn, the Taiwanese multinational electronics contract manufacturer intents to expand a plant in Sriperumbudur, near Chennai, sources confirmed. The decision seems like a quiet plan of the corporations to shift their Apple production away from China with the recent coronavirus calamity and the ongoing disturbance from a trade conflict between Washington and Beijing. A source informed Reuters that there has been a constant request from Apple’s investors to move the iphone production out of China. 

 

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