Saturday, July 6, 2024
No menu items!
HomeNewsIndustry TrendsFoxconn to Build Plant Near Hyderabad, Set to Manufacture Apple's AirPods

Foxconn to Build Plant Near Hyderabad, Set to Manufacture Apple’s AirPods

- Advertisement -

Foxconn, Apple’s prominent manufacturing partner, is establishing a new facility near Hyderabad, Telangana, poised to create substantial employment opportunities. Initially set to generate 25,000 jobs, the facility is projected to eventually employ over 100,000 individuals. This development marks Foxconn’s entry into audio device production for Apple within India, with manufacturing slated to commence as early as August.

Vishnu Reddy, the special secretary to Telangana’s Investment Promotion & NRI Affairs, revealed in a recent interview that two factory lines have already been completed in Hyderabad. Notably, the entire plant was constructed ahead of schedule, achieving completion in just one and a half years, surpassing Foxconn’s initial estimate of two and a half years.

The agreement to establish the facility was formalized during Foxconn Chairman Young Liu‘s visit to Hyderabad in March 2023. During this visit, a letter of intent was signed with the State government, outlining Foxconn’s commitment to the investment. Previously, Foxconn had announced investments totaling US$500 million for its operations in Hyderabad, underscoring its significant commitment to the region’s industrial growth.

When queried about the specifics of the products to be manufactured, particularly if they include Apple’s AirPods, Secretary Reddy refrained from explicit confirmation, citing Foxconn’s status as a contract manufacturer serving various brands. He emphasized that decisions regarding the brands served are internal to Foxconn.

While declining to specify Apple or any specific company, Reddy expressed satisfaction with the progress made, highlighting the positive feedback received from the vendor regarding their operations in Hyderabad.

The establishment of Foxconn’s new facility near Hyderabad represents a significant milestone for both the company and the state of Telangana, promising substantial economic benefits and reinforcing India’s position as a key hub for global manufacturing operations.

RELATED ARTICLES

Most Popular

Recent Comments