By increasing the number of manufacturing units and job opportunities, Foxconn aims to strengthen its presence in the Indian market in the next two years.
Foxconn, the global supplier of Apple’s iPhone, is targeting expansion in the Indian market by doubling its number of employees and increasing investments over the next 24 months, according to V Lee, Associate VP and the company representative for India.
Currently, Foxconn employs over 40,000 people at its iPhone factory in Tamil Nadu. The company aims to bolster its presence in India by creating more than 50,000 jobs and doubling its investments, which is reportedly part of its strategy to reduce reliance on China.
Source: People Matters
