Karnataka’s government said Tuesday it had approved another Rs 14,156 crore of overall Foxconn investment in the state, without specifying details. The company could also use the site to produce parts for its nascent EV business, Bloomberg News reported in March.
Foxconn and Apple representatives didn’t respond to requests for comment.
Apple’s partners are accelerating efforts to establish a supply chain in India at a time Chinese firms are edging away from the country amid tensions between New Delhi and Beijing. India’s Tata conglomerate, another Apple partner, is seeking to build one of India’s biggest iPhone assembly plants in southern Tamil Nadu state.
India’s regulatory scrutiny of smartphone makers such as Xiaomi Corp. and Vivo has also discouraged some Chinese companies from setting up operations in the world’s second-largest smartphone market.
Published 14 December 2023, 03:20 IST