Hon Hai Boosts India Presence with $1.5B Investment Amid Global Shift

Hon Hai Precision Industry Co. (known as Foxconn) has announced a $1.5 billion investment into its India operations with an aim to boost its presence in the country. The Apple’s primary manufacturing partners has made the investments via its Singapore-based arm, reflects Hon Hai’s growing focus on India as a key manufacturing hub outside China.

This move aligns with Apple’s broader strategy to reduce its dependence on China due to trade tensions and geopolitical risks. Apple aims to produce a large portion of its iPhones for the U.S. market in India by the end of next year. Most of these iPhones are assembled at Hon Hai’s facilities in southern India, which are currently undergoing expansion.

Tata Group has also entered the picture as a significant Apple supplier, having taken over Wistron’s local business and now managing Pegatron’s Indian operations. In the financial year ending March, Apple assembled iPhones worth $22 billion in India—a 60% increase from the previous year—signaling the country’s rising importance in Apple’s global supply chain.

While Apple has pledged to increase hiring and investment in the U.S., the surge in Indian manufacturing is a strategic response to global challenges, ensuring supply chain resilience and cost efficiency in the years ahead.

Source: The Economic Times