Foxconn aims to double jobs, investment in India over next 12 months

- Apple supplier Foxconn aims to double its workforce and investment in India by next year, a company executive said on Sunday. Taiwan-based Foxconn, the world's largest contractaFrite Restaurant's Fight for Survival: little Halifax versus Halifax's little Toronto | SaltWire - Apple supplier Foxconn aims to double its workforce and investment in India by next year, a company executive said on Sunday.

Taiwan-based Foxconn, the world's largest contract manufacturer of electronics, has rapidly expanded its presence in India by investing in manufacturing facilities in the south of the country as the company seeks to move away from China. V Lee, Foxconn's representative in India, in a LinkedIn post to mark Indian Prime Minister Narendra Modi's 73rd birthday, said the company was"aiming for another doubling of employment, FDI , and business size in India" by this time next year.Foxconn already has an iPhone factory in the state of Tamil Nadu, which employs 40,000 people.

In August, the state of Karnataka said Foxconn will invest $600 million for two projects in the state to make casing components for iPhones and chip-making equipment. The company's Chairman Liu Young-way said in an earnings briefing last month that he sees a lot of potential in India, adding:"several billion dollars in investment is only a beginning".

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Audi exec says lower tax on imported EVs will help test India marketBy Hritam Mukherjee BENGALURU (Reuters) - Volkswagen-owned Audi's India unit said on Friday that any potential cut down on electric vehicle (EV) import ...
Fuente: SaltWire Network - 🏆 45. / 63 Leer más »

Shake Shack, Apple iPhone 15, consumer sentiment: Market moversShake Shack (SHAK) shares tick up following an upgrade by Northcoast Research analysts citing seasonal commuter traffic forecasts. Apple (AAPL) opens up pre-orders for the new iPhone 15, with delivery dates of certain models being pushed back. Steelmaker Nucor (NUE) sees its stock move lower on weakened guidance tied to business slowdowns.Yahoo Finance Live’s Julie Hyman and Diane King Hall discuss which stocks are making moves this morning, while also breaking down the drop in consumer sentiment data reported by the University of Michigan.
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »