Foxconn, the world's largest tech giant, also has its presence in India. Amid the ongoing tension in china, india is reportedly planning to double its workforce in the next two years. The world's largest iphone factory, Foxconn, is located in China. More than half of the iphone supply comes from China. lockdown has been implemented in many major cities in china due to the Coronavirus. A lockdown has also been imposed in China's major city of Chengde. Due to this, there is a fear that iphone production may be affected by up to 30%. Amid the coronavirus spreading in china, there is an impact on the supply chain. Meanwhile, it has started to increase production in and outside of China. india and vietnam are the second largest apple producers after China.
Headquartered in taiwan, Apple's largest supplier, india is expanding its presence in tamil Nadu. Meanwhile, it is planning to increase the number of its employees in Tamilnadu. A few days ago, it was reported that it plans to increase production by 53,000 people in the next 2 years. mahindra Group Chairman anand mahindra has said that this is the soft sound of global supply chain transformation. mahindra, no fanfare or drumroll. But could this be a gentle rumbling of global supply chain change? Compared to China's Foxconn plant, which employs over 2 lakh workers, the tamil Nadu plant, though smaller, will be a hub for shifting production from China.
Hon Hai Precision industry Co Ltd, formally known as Foxconn, has been operating in tamil Nadu, india since 2019. It has started manufacturing the iphone 14 series. Information has come out that india started increasing its production only when the impact of china started.
Meanwhile, his recruitment notification has also arrived. While demand for iphone in india has started to increase, iphone is in short supply. On october 27, tamil Nadu's Investment Promotion Division reported that high-level government officials had visited taiwan to meet with Liu and were elaborating on new expansion and investments.
Apple is assembled by suppliers from three locations in india this year. Foxconn and Pegatron in tamil Nadu and Wistron in karnataka assemble. By 2025, 1 in 4 iPhones used in india could be manufactured in India. As well as all products including Macs, iPads, apple Watch, and AirPods; 25% can be produced. A JP Morgan study recently reported that only 5% of these can currently be manufactured outside of China.
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