Taiwanese manufacturing giant, Foxconn plans to double investment and employment in India by 2024.

This expansion could provide a robust growth in Apple's manufacturing and supply chain, particularly for products like the iPhone.

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Foxconn started producing the iPhone 14 in India in 2022, marking the first time the country has assembled Apple's latest model.

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Foxconn plans to bring its total workforce in India to around 70,000 at its Tamil Nadu plant.

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CEO & chairman Young Liu visited Bengaluru in March 2023 as Foxconn invested $600 million on two projects in Karnataka.

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Foxconn is optimistic about India's potential as a manufacturing hub, especially in the electronics sector.

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