Foxconn Invests ₹12,800 Crore in India to Boost iPhone Production

Apple’s key supplier, Foxconn, has invested USD 1.48 billion (around ₹12,800 crore) into its Indian unit, Yuzhan Technology (India) Private Limited, over the past five days. The investment has been made through Foxconn Singapore Pte, as per a regulatory filing.

Major Investment in Tamil Nadu Unit

Under this investment, Foxconn Singapore acquired 9,999 shares at ₹10 each, with a premium that brought the total value of the transaction to USD 1.489 billion. The funds are directed to Foxconn’s Tamil Nadu operations, signalling strong growth and expansion plans for the electronics manufacturer in India.

Apple Increases Focus on India

The move comes at a time when Apple is increasing iPhone production in India. Apple CEO Tim Cook recently stated that the majority of iPhones sold in the US will be sourced from India during the June quarter. Meanwhile, China will continue to supply most iPhones for other global markets, especially amid growing concerns over trade tariffs.

Foxconn’s Rapid Growth in India

Thanks to a surge in iPhone manufacturing, Foxconn's India revenue more than doubled in FY25 to over USD 20 billion (₹1.7 lakh crore). Analysts say Apple sold 75.9 million iPhones in the US in 2024, and India exported 3.1 million units in March alone, showing the need for more capacity or redirection of existing supply to meet growing demand.

India’s Role in Global iPhone Output

Currently, 15% of the world’s iPhones are made in India, according to government estimates. Apple reportedly aims to manufacture 60 million iPhones in India this fiscal year, showing India’s growing role in the global smartphone supply chain.

Record Mobile Exports from India

Union Minister Ashwini Vaishnaw recently shared that mobile phone exports from India touched a record ₹2 lakh crore in FY25. Notably, iPhones made up ₹1.5 lakh crore of those exports, underlining Apple’s significant contribution to India’s manufacturing success.

Conclusion 

Foxconn’s massive investment reflects India’s rising importance in the global tech and electronics space. As Apple shifts more of its iPhone production to India, the country stands to benefit from job creation, increased exports, and stronger manufacturing capabilities.

Read more on: Apple Mulls Shifting all US-Bound iPhone Assembly to India by 2026. 
 
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