Foxconn will invest $500 million to set up manufacturing plants in the southern Indian state of Telangana, the latest in a series of bets from the key Apple contract partner as it expands its base in the South Asian market.
K.T. Rama Rao, Telangana’s IT minister, says in a tweet that the investment from Foxconn will create 25,000 direct jobs in the first phase.
Foxconn, which already manufactures iPhones in India, won a bid to manufacture the AirPods in the country earlier this year.
India’s Prime Minister Narendra Modi’s financial incentives in recent years to drive local manufacturing has attracted commitments from Foxconn, Wistron and Pegatron.