Foxconn's Ambitious Plan: Doubling Jobs and Investment in India within a Year

Foxconn, the world's largest contract manufacturer of electronics and a major supplier to Apple, plans to double its workforce and investment in India over the next year. The Taiwan-based company has been expanding its presence in India by investing in manufacturing facilities as it seeks to reduce its reliance on China. Foxconn already operates an iPhone factory in Tamil Nadu, employing 40,000 people, and recently announced a $600 million investment in Karnataka for two projects. The company's chairman sees significant potential in India and believes that several billion dollars in investment is just the beginning.