27-Dec-18, The Economic Times
Taiwanese contract manufacturer Foxconn, currently present in India at Tamil Nadu and Andhra Pradesh, will invest well over INR1,500 crore (USD211 mn) to have new production lines to manufacture certain iPhone models in its factory in Sriperumbudur near Chennai.
%20Maho%20Obata.jpg "Foxconn plans to manufacture iPhones from Tamil Nadu India (c) Maho Obata")
Image: Maho Obata
Titled Project Fruit, the plan to expand the Sriperumdur unit of Taiwanese phone manufacturer Foxconn to make smartphones including the coveted iPhone devices has been in the works for over a year, said one of the people aware of the developments.
The development that Foxconn will bring iPhone manufacture to Tamil Nadu will bring a big boost to Tamil Nadu’s image on the national manufacturing scene.