Apple and Foxconn have successfully lobbied for new labour laws in the Indian state of Karnataka, allowing for two-shift production in the region, amid India's plans to become a manufacturing hub.
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Foxconn has reported that its revenue fell by 11.65% compared to the same period last year due to low demand of electronic products worldwide, and also due to manufacturing disruptions in China.
Foxconn is investing a massive $700 million to develop a new factory in India's Bengaluru that will manufacture Apple products like the iPhone. This comes amid companies moving capacity out of China.
Finnish company Salcomp plans to more than double its India workforce to 25,000 over the next two to three years, while also building housing arrangements and education for about 15,000 people.
Foxconn is investing $500M in India to expand its iPhone manufacturing hubs in the country as Apple tries to increase its production in India to reduce reliance on China amid supply shortages.
A protest turned violent when workers of the Foxconn factory in Zhengzhou, China clashed with the police on Tuesday. Strict curbs, unpaid wages, and possible infection surge caused the protest.
Foxconn is reportedly boosting hiring at its India plant over the next two years to meet iPhone demand, while China continues restrictions as part of its zero-COVID policy in the Zhengzhou district.
Apple's assembly partner Foxconn will start manufacturing the iPhone 14 at its Chennai, India plant in a move to reduce dependency and diversify supply chain and logistics from China.
