Foxconn adds machinery worth ₹276 crore in India for manufacturing Apple devices-OxBig News Network

According to the source, Foxconn is working to almost double production of iPhones in India. File
| Photo Credit: The Hindu

Taiwanese electronics giant Foxconn has added a new batch of machinery worth ₹276 crore at its India unit to ramp up manufacturing of Apple devices, according to a source.

The development comes a day before U.S. President Donald Trump announced imposing reciprocal tariff on several countries including India from April 2.

“Foxconn Hon Hai Technology India Mega Development Private Limited has obtained machinery equipment worth $32.25 million (about ₹276 crore) for ramping up iPhone production in India,” a source told PTI.

According to the source, Foxconn is working to almost double production of iPhones in India. An email sent to Foxconn and Apple did not elicit any reply.

Mobile phone makers’ body ICEA has proposed to reduce import duty on mobile phones from the U.S. to zero from 15% at present.

According to ICEA, the U.S. is not a major manufacturing competitor to India across several electronics products. Instead, it offers a $80 billion mobile phone export opportunity to India.

Foxconn is also slated to start production of Apple airpods for exports at the Foxconn plant in Hyderabad this month.

Airpods will be the second product category that Apple will start producing in India after iPhones.