Foxconn's $500 Million Investment in India: Boosting Jobs and Apple's Diversification Strategy

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[{"selector":"#anim-e55939a3-938a-40aa-9d47-a67b7ba2d865 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-473c2095-8a21-42b7-a4a5-4c2b92998293","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ad98d419-2f41-4d6b-9fcc-4a6476b3f555","keyframes":{"transform":["translate3d(0px, 137.69838%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7e5513ec-db53-4381-9c97-0f1fcc99bc45","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2f114ee4-2924-4fb8-acff-c67118cc5434","keyframes":{"transform":["translate3d(0px, -311.93427%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Foxconn, an Apple Inc supplier, plans to invest $500 million to establish manufacturing plants in Telangana, a southern Indian state. This was announced by the state's IT minister, K. T. Rama Rao.

[{"selector":"#anim-a5e2938d-2f1a-4350-9d3b-784bc8d4b27f [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-16.27265966829335%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-7d89c973-38ab-4ac4-8396-74b453d8193a","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f0d81b9e-f9a5-47b6-a142-ffd469f2f82c","keyframes":{"transform":["translate3d(0px, 164.29632%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-76a3f5a6-1cec-4388-8a66-134281165e8c","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ac2bb0a1-e256-4e5a-95ee-805fd76607b2","keyframes":{"transform":["translate3d(0px, -311.93427%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The investment is expected to create 25,000 jobs in the initial phase, providing a significant employment boost to the region.

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[{"selector":"#anim-9ecb2204-0db5-4a96-a1fd-ac185071e25c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-7.812499744007886%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-ce1d1d35-3c0c-4d85-8539-46905be74fb6","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e20a3796-e883-4be0-84f5-00eb82264040","keyframes":{"transform":["translate3d(0px, 148.97668%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-26f21a39-eda2-4ff1-8ec3-79ba4c174f25","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2cf2140b-8870-4646-983d-993b34663a0f","keyframes":{"transform":["translate3d(0px, -311.93427%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Foxconn had previously received approval from the Karnataka government in India for a separate investment of $968 million.

[{"selector":"#anim-99113366-0ed1-42be-a327-70ae6f9d8eb7 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.514648210040342%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-d7539529-4c21-4170-9784-3b047b080178","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ce8bdb28-8759-4248-96b0-f27438a9be35","keyframes":{"transform":["translate3d(0px, 264.87467%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2ab8f14c-3215-4595-9bfc-96887a602e55","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0275844b-36f7-4b94-b46a-4d78f17b49ae","keyframes":{"transform":["translate3d(0px, -311.93427%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] BJP National President JP Nadda Launched Book in Delhi. Click here