Apple supplier Foxconn has announced plans to go ahead with the $1.5 billion display module plant in India despite US President Donald Trump's request to refrain from producing in the nation. The move came to light during an exchange filing at the London Stock Exchange where Foxconn said that it was investing the said amount Yuzhan Technologies (India) Pvt Ltd, with the plant expected to come up in Tamil Nadu.
The investment is reported along with the Taiwanese contract manufacturer's ongoing $2.56 billion investment in its 300-acre Devanahalli plant in Karnataka, as reported by The Economic Times.
A senior government official stated that 바카라Supply chains don바카라t reorient themselves overnight. Companies that are as big as Apple make supply chain decisions after months and years of strategising. One stray comment which discourages them from their move is not going to change the fact that they want to double down on production in India,바카라 as reported by The Indian Express.
Trump had earlier revealed at a business event in Qatar that he spoke to Apple CEO Tim Cook stating, "I had a little problem with Tim Cook yesterday. I said to him that I do not want you building in India.바카라
According to reports, the tech giant had reassured the Indian administration of their commitment to set up in India. Along with the investment in Tamil Nadu, Foxconn will also be building dormitories for 30,000 workers in the area. The company currently manufactures 15 percent of the iPhones in India with plans to boost this number in the coming times.
