World’s largest contract electronics manufacturer Foxconn is looking at re-entering India after shutting down the Nokia plant in Chennai. The company is planning to set up manufacturing units in Gujarat, Noida, and also a small trial unit in Andhra Pradesh. Also Read - Apple shines in June quarter, posts record sales for iPhones, Macs and iPadsAlso Read - Friendship Day gifting ideas for your young tech-savvy besties under Rs 5,000
Economic Times reports that this time, Foxconn plans to manufacture Apple smartphones in India. Foxconn holds the largest contract for Apple phones manufacturing. “With booming smartphone sales, Foxconn is ready with its plans. On cards are two plants, one in Gujarat and the second in Noida,” anonymous sources told the publication. Also Read - Apple releases important iOS 14.7.1 update: iPhone users must download it right now
After the Nokia-Microsoft deal, Foxconn’s Indian business went for a toss and all the three plants on the Chennai-Bengaluru highway that manufactured Nokia handsets were shut down. The company faced a lot of flak from employees, who protested outside the factory for leaving them in the lurch. Around 1,700 employees were impacted by Foxconn factories shut down in December.
Now that Foxconn plans to re-enter India, it has hired Josh Foulger, a senior Nokia executive who was also involved in setting up Nokia plant in Chennai.
The announcement of these plants are expected to come after the Indian government’s announcement of its ‘Make In India’ policy. “While policy announcements of Make in India are not imperative for Foxconn’s investments for smart phone making plant, a favorable manufacturing policy will help greater commitment for future investments,” sources told the publication.
The small trial production factory unit will be near Sri City in Andhra Pradesh and will conduct R&D activities beside new product development.