Foxconn to invest $500 million in new Apple plant in Telangana, India.

Foxconn, a key Apple contract partner, will invest $500 million to set up manufacturing plants in Telangana, India, creating 25,000 direct jobs in the first phase. The move is part of Foxconn's expansion in the South Asian market and follows its recent bid to manufacture AirPods in India. India's financial incentives to drive local manufacturing have attracted commitments from Foxconn, Wistron, and Pegatron. Apple could expand its iPhone manufacturing capacity in India to produce 25% of all iPhones by 2025.