Apple supplier Foxconn eyes further investment in India, sees bright outlook there

Foxconn Technology Group is planning further investment in India and may release details in the next few months, as the world’s largest electronics contract manufacturer views the outlook there very favourably, the company’s chairman said on Tuesday.Formally known as Hon Hai Precision Industry, Foxconn already makes smartphones in India for Apple and Xiaomi Corp. The Taiwanese company, however, said in March that production there was suspended because of the coronavirus pandemic.Foxconn…

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