Shulou(Shulou.com)11/24 Report--

CTOnews.com, March 22 (Xinhua)-- earlier this month it was announced that Foxconn plans to invest $700 million in India to build a new factory and create 100000 new jobs in India to increase iPhone capacity.

The State High-level Licensing Commission (SHLCC) of the Karnataka government approved Foxconn's application to build the plant on Monday. But investment exceeded expectations, reaching 80 billion rupees (CTOnews.com), although the number of new jobs halved to 50, 000.

CTOnews.com also learned from the report that Foxconn's new plant will span Dodballapura and Devanahalli taluks, a rural area of Bangalore. The plant is close to southern India and close to Kempegowda International Airport.

The factory may also assemble iPhone. Foxconn may also use the plant to produce parts for its fledgling electric car business.

To boost its manufacturing sector, India has provided financial incentives to Apple suppliers such as Foxconn. Foxconn last year began producing the latest generation of iPhone at a factory in Tamil Nadu. Smaller Foxconn rivals Wituang and Pegatron are also expanding in India. Apple suppliers such as Jepp Technology have begun making parts for the AirPods locally.

Related readings:

"Foxconn will invest US $700 million to build a new plant in India to produce Apple iPhone parts."

Sources say Foxconn will produce Apple AirPods headphones for the first time and plans to build a new factory in India

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