Foxconn Ramps Up Presence In India With $1.54 Billion Investment Amidst Global Shifts In Manufacturing

News Snapshot:

> Tech Foxconn is set to invest $1.54 billion into India as part of its ongoing expansion strategy, buoyed by a significant upswing in revenues within the South Asian market. The multinational company, renowned as the world's largest Electronics Manufacturing Services (EMS) provider, disclosed in a stock exchange filing that this investment aligns with its operational requirements. This financial commitment follows an announcement two months prior, wherein Foxconn expressed its intention to double its workforce and investment in India by the following year. Apple's $AAPL largest supplier Foxconn said it plans to invest more than $1.5 billion in India for...