It is reported that Foxconn, the world’s largest company making Apple iPhone, is going to set up a plant in Bengaluru, India with an investment of $700 million. It is being said that 1 lakh people will get employment from this. But now a statement of the company has created a sensation.
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apple Apple iPhone on contract for (iPhone) Foxconn, the world’s largest manufacturing company (Foxconn) There is news of setting up a big plant in Bengaluru, India with an investment of $700 million (about Rs 5,720 crore). It is expected that this will provide employment to about 1 lakh people. But now a statement has been issued by the company regarding this news, which has created a sensation.
Taiwan’s technology company Foxconn says that its chairman Young Liu has definitely visited India. But the company has refused to enter into any ‘binding agreement’. This statement of the company has come after the news of its big investment in India.
‘No deal finalized yet’
Foxconn said in a statement on Saturday that its Chairman and CEO Young Liu visited India from February 27 to March 4. But during this time no final agreement has been reached on any agreement. Nor has the company entered into any binding agreement of any kind.
Foxconn says that the round of talks and review is going on. The news that has come about the company’s investment in the media has not been officially released by the company.
Will we get 1 lakh jobs?
This clarification from the company was given to Karnataka Chief Minister Basavaraj S. This comes after Bommai’s statement, in which he said that the Apple iPhone maker will ‘soon’ make iPhones in the state of Karnataka. About 1 lakh jobs will be created by this. While Telangana Chief Minister K. C. Rao had said on Thursday that Young Liu has tied up to set up an electronic manufacturing plant in the state.
Foxconn says that the number of job creation mentioned in media reports does not match with the figure of direct jobs generated by the company.
Want to reduce dependence on China
The official name of Foxconn is Hon Hai Precision Industry. The company is the principal assembler of the Apple iPhone. Both Apple and Foxconn have long wanted to reduce the dependence of their business on China, as most of Foxconn’s manufacturing is currently done in China.
During the Corona period, the production of the company was greatly affected due to the COVID policies of China. Since then both the companies are working on a plan to diversify their manufacturing out of China. Apart from this, China’s relations with America and Taiwan also remain strained.
