Apple partner Foxconn to invest $500 million in India’s Telangana

Foxconn will invest $500 million to set up manufacturing plants in the southern Indian state of Telangana, the latest in a series of bets from the key Apple contract partner as it expands its base in the South Asian market.
K.T. Rama Rao, Telangana’s IT minister, said in a tweet that the investment from Foxconn will create 25,000 direct jobs in the “first phase.” Foxconn, which already manufacturers iPhones in India, won a bid to manufacture the AirPods in the country earlier this year, Reuters reported. It also bought land worth $37 million in Bengaluru earlier this month, a

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