The US tech giant’s CEO is in India to open the first official company-owned outlets in the country
The data follows the iPhone-maker’s efforts to diversify production out of China, along with increasing investments in India from its suppliers
Pegatron, currently responsible for 10% of Apple's iPhone annual production in India, intends to build a second facility near Chennai in Tamil Nadu state
Earlier this month, Foxconn said it was seeking cooperation in India in new areas like chips and electric vehicles after a visit to the country by its chairman
The deal will see the Taiwanese iPhone maker produce AirPods for the first time in another significant shift of tech production away from China
The legislation led to laws that give India's Karnataka state “one of the most flexible working regimes in India,” according to a report by the Financial Times
Foxconn chief met Indian Prime Minister Narendra Modi this week 'to build an ecosystem allowing all stakeholders to share, collaborate and thrive'
The Taiwanese tech giant already has operations in Andhra Pradesh and Tamil Nadu, where it manufactures products for companies such as Apple and Amazon
The iPhone maker has bet big on India since it began iPhone assembly in the country in 2017, in line with the Indian government's push for local manufacturing
The Taiwanese firm said resumption of production at its Zhengzhou plant had seen a gradual recovery which has contributed to "double-digit growth"
The announcement comes after reports last month that the Taiwan-based manufacturer plans to quadruple the workforce at its iPhone factory in India
Foxconn's India expansion is central to Apple's efforts to shift production away from Covid-hit China