Foxconn aims to boost its total workforce to around 70,000 in India over the next two years, says a report from last year
Foxconn, a leading supplier of Apple’s products in India, has recently announced its ambitious plans to double its workforce in the country. V Lee, the company’s representative in India, recently shared his vision to increase the company’s business size on his LinkedIn profile, coinciding with Prime Minister Narendra Modi’s 73rd birthday.
While specific numbers weren’t disclosed, it’s noteworthy that Foxconn’s Tamil Nadu plant currently employs approximately 40,000 individuals, highlighting the substantial growth potential. India’s growing manufacturing sector, driven by the ‘Make in India’ initiative, has captured Foxconn’s attention.
This strategic decision reflects the company’s commitment to diversify its supply chain and reduce its reliance on China, a response to the evolving geopolitical landscape globally. According to credible sources from last year, Foxconn’s expansion plans include recruiting an additional 53,000 workers over the next two years, aiming to boost its total workforce to around 70,000 in India.
This expansion coincides with Foxconn’s recent announcement of a substantial investment of $600 million in two projects in Karnataka. These projects will primarily focus on manufacturing components for iPhones and equipment for chip production, further strengthening India’s position in the global technology supply chain.
Young Liu, Foxconn’s chairman, expressed optimism about India’s potential as a manufacturing hub. In a recent briefing, he emphasised that this investment signifies just the beginning of Foxconn’s long-term commitment to India. The company’s strategic moves align with India’s aspirations to become a major player in global manufacturing and technology, capitalizing on its skilled workforce and favorable business environment.