Foxconn to Set Up iPhone Manufacturing Plant in India: Report


Apple supplier Foxconn is reportedly closing in on a deal with the Indian government to build plants to manufacture Apple products, reports the Economic Times of India.

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According to their report, the supplier is close to signing the deeds to a roughly 1,200-acre plot of land in Maharashtra, which will be the location of a $10 billion manufacturing plant focusing on Apple products. When Foxconn signs the deal, it has 18 months to make the plant operational, the report says.

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The deal comes hot on the heels of reports claiming Maharashtra has yet to get a formal proposal to acquire 300 hectares for a factory for which it had made a commitment of $5 billion. In August the Taiwanese company had made a commitment to set up factories in the state, so Maharashtra signed a memorandum of understanding with the technology company for providing land to set up a plant and a research hub.

Besides Foxconn, Apple is aiming to get a strong foothold in India with retail stores, although its plans to sell refurbished iPhones was rejected by the government for various reasons. The iPhone maker also plans to open an R&D centre in India.