Apple supplier Foxconn will start manufacturing iPhones in Karnataka, one of the states in India, by April 2024, the state government said on Thursday.
Karnataka government will hand over the land for the smartphone factory to Foxconn by July 1. The project, valued at 130 billion rupees ($1.59 billion), is expected to create around 50,000 jobs.
Foxconn, the world’s largest contract electronics manufacturer, has set a target of manufacturing 20 million iPhones a year at the plant in Devanahalli,.
Apple has been shifting production away from China after the country’s strict COVID-related restrictions disrupted the production of new iPhones and other devices in the country. The tech giant is also looking to avoid a hit to its business due to tensions between Beijing and Washington.
