Foxconn can also be anticipated to begin manufacturing iPhones in Karnataka by April 2024 (Representational)

Apple provider Foxconn plans to take a position a further 139.11 billion rupees ($1.67 billion) in Karnataka, the state authorities stated in a press release on Tuesday.

The Taiwan-based firm, which assembles round 70% of iPhones and is the world’s largest contract producer, has been diversifying manufacturing away from China following COVID-19 disruptions and geopolitical tensions.

It has quickly expanded its presence in India over the previous 12 months by investing closely in manufacturing amenities within the south India.

In Karnataka itself, the corporate introduced in August an funding of $600 million in two initiatives to make casing parts for iPhones and chip-making tools.

Foxconn can also be anticipated to begin manufacturing iPhones in Karnataka by April 2024 – a undertaking anticipated to create round 50,000 jobs.

The federal government didn’t elaborate on the newest plans for the extra funding in Karnataka, and Foxconn didn’t instantly reply to an e-mail in search of remark.

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