Foxconn, the world's largest contract manufacturer of electronics, has reportedly secured an order from Apple to manufacture AirPods, the popular wireless earbuds. As per insider sources, the company plans to build a new factory in India exclusively for producing AirPods, marking Foxconn's entry into the AirPods supply chain.
The new plant is expected to be set up with an investment of over $200 million, indicating Foxconn's commitment to expanding its operations in India. The move is also expected to create employment opportunities in the country, a welcome development for the Indian government that has been pushing for greater investment in the manufacturing sector.
The decision to establish the production line in India was made at the request of Apple, according to sources. Apple has been trying to diversify its production base away from China, where the majority of its products are currently manufactured, due to rising labor costs and geopolitical tensions.
India is an attractive destination for manufacturers due to its large and rapidly growing consumer market, a favorable business environment, and government incentives for setting up manufacturing units in the country. Additionally, the Indian government's 'Make in India' initiative, which aims to make India a global manufacturing hub, has been successful in attracting investment from major companies like Foxconn.
Overall, Foxconn's decision to build a new factory in India to produce AirPods is a significant development in the electronics manufacturing industry. It not only expands Foxconn's global footprint but also boosts India's reputation as a manufacturing destination, providing a much-needed impetus to the country's economy.
