
Foxconn in its first phase (2023-24) has invested Rs 3000 crore and plans to invest a similar amount during the second phase (2026-27). U.S. President Donald Trump stated that he does not want Apple to expand its iPhone manufacturing in India. However Apple CEO Tim Cook is still working on his existing plans for the country rapidly. Tim Cook had announced that most iPhones sold in the U.S. will be manufactured in India. Foxconn’s is building a plant in Karnataka’s Devanahalli. 300 Acres Of Hostels The world’s largest electronics manufacturer Foxconn has invested $2.56 billion in the Devanahalli plant. It is constructing hostels for employees on around 300 acres on Devanahalli and Chapparadahalli villages in Devanahalli taluk. The location is around 23 kilometers from Bengaluru’s Kempegowda International Airport. Foxconn has already invested Rs 3000 crore in the first phase (2023-24) and plans to match this investment in the second phase (2026-27). The target is to manufacture 100000 iPhones by December this year. Priority For Women In Hostels The hostel being built by Foxconn will have a capacity to accommodate around 30000 staff members. According to media reports the construction of the hostel is expected to be completed by the end of this year. It is believed that this hostel will be the second-largest in the world after China. A similar hostel model has been implemented in Sriperumbudur Tamil Nadu where around 18000 employees can reside. In Devanahalli women will make up 50-80% of the 30000 employees residing in the hostel with priority given to female staff for accommodation. Foxconn is reported to have more than doubled its revenue in India to over USD 20 billion (about Rs 1.7 lakh crore) in the financial year 2024-25 on account of a jump in iPhone production. (With Inputs From PTI)
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