May 19, 2024
Foxconn to Build $10 Billion Apple Manufacturing Plant in Maharashtra, India [Video]

Foxconn to Build $10 Billion Apple Manufacturing Plant in Maharashtra, India [Video]

Posted May 10, 2016 at 4:43am by iClarified
Foxconn has reportedly selected Maharashtra as the location for a new $10 billion manufacturing plant in India that will exclusively make Apple devices, reports The Economic Times.

Foxconn is said to be looking for 1,200 acres of land in the state and has already found two or three possible locations. The deal is close to being signed but negotiations are still ongoing with the government.

Sources also tell the site that it will take about 18 months for Foxconn to set up the plant once a deal is signed.

Founder Terry Gou previously said that he was looking to set up 10-12 facilities in various Indian states including factories and data centers by 2020.

Take a look at the video below for more details...

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Comments (4)
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dkdk - May 10, 2016 at 3:34pm
I sincerely doubt that the plant will cost ten billion. That's inconceivable, unless the cost of the land is astronomical. I question the source. I watched a bit of the video, seemed B List news.
Varun choudary
Varun choudary - May 10, 2016 at 7:18am
I hope apple let us configure their devices after setting up units in India as they let in US
clown - May 10, 2016 at 5:11am
If the bring in the labor force they use in some countries they should be able to cut the 18 months down to 6 months.
Prakash Munjuluri
Prakash Munjuluri - May 10, 2016 at 4:58am
Wow.. Great News for iphone lovers in India..!!!!!!
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