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Government allocates over Rs 4,400 crore to Apple, Samsung & other smartphone manufacturers under PLI scheme | India Business News – Times of India

getworldnews1 year ago06 mins

[ad_1] PLI scheme: Apple‘s three Indian contract manufacturers – Foxconn (Hon Hai), Wistron (now owned by Tata group), and Pegatron – alongside Samsung from South Korea and domestic electronics company Dixon Technologies are slated to receive over Rs 4,400 crore in incentives for achieving targets in FY23 through India’s production-linked incentive (PLI) scheme for smartphones.However,…

iPhone manufacturer Foxconn expands investment in Bengaluru unit, infuses Rs 461 crore more – Times of India

getworldnews1 year ago03 mins

[ad_1] Apple iPhone‘s biggest manufacturer Foxconn has infused $55.29 million (about Rs 461 crore) in Bengaluru-based Foxconn Precision Engineering Private Limited. The Taiwanese electronics manufacturing services major revealed the same in a regulatory filing. According to the announcement made earlier by the Karnataka government, Foxconn is expected to create employment for about 50,000 people in…

Foxconn may invest $1 billion more in upcoming Apple India plant – Times of India

getworldnews2 years ago03 mins

[ad_1] Apple supplier Foxconn will reportedly invest an additional $1.67 billion to establish the upcoming plant in Karnataka, a day after the state government approved the Taiwan-based company on the same.Foxconn assembles around 70% of iPhones and it is the world’s largest contract manufacturer. The company has been working to diversify its production capacity in…