Due to the spread of infection, where the feet of the whole world have stopped, foreign investments are being made continuously since the beginning of April in India. First, the US company Facebook invested in Reliance Jio, after which many companies invested one by one. The biggest reason for investment in India is that the entire world is eyeing the Indian market. After the dispute with China from all countries, India has become the biggest center of IT.
The manufacturer of Apple's iphone is Foxconn. Foxconn has already made Apple's iphone in Tamil Nadu plant, but now the company wants to increase this plant further. For this expansion, the company is planning to invest one billion dollars in India i.e. around Rs 7,500 crore.
This investment of Foxconn will generate about 6 thousand new jobs in India. Taiwan company Foxconn manufactures iphone XR at the Indian plant, but the company can soon manufacture iphone SI 2020 in this plant as well. After spreading the infection from China, the whole world is now starting to distance itself from the Chinese market. It is also being said that Apple is gradually separating its market from China. After which the new base of the company can be in India.
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