Foxconn, an Apple supplier, is gearing to double its workforce in India. V Lee, representative of Foxconn in India has announced on social media that it already has a 40,000-strong workforce at its plant in Tamil Nadu, and now intends to depend less on China. In a year’s time, the company aims to double its India workforce and also increase its investment in the country two fold as it works to expand its business here.
In 2022, it was reported that the company hoped to hire 53,000 more workers in two years so that its team strength in the country touched about 70,000.
Last month, that is, August 2023, Foxconn reportedly committed to an investment of about $60 million in Karnataka via two projects focused on manufacturing casing components for iPhones and various tools required for producing chips. This, according to the firm, was just the beginning of many more investments.
In a LinkedIn post through which he wished Prime Minister Narendra Modi a happy birthday, V Lee gratefully acknowledged how Foxconn has managed to grow its business and footprint in India and promised to pump in more finances and create more jobs by Modi’s next birthday.
If things go as planned, the Taiwanese electronics firm should be able to leverage the talent available in the country and invest billions of dollars in the country.