Apple Inc. partner Foxconn Technology Group plans to double its investment and employment in India, highlighting an accelerating manufacturing shift away from China as Washington-Beijing tensions grow.
V Lee, a Foxconn representative in India, said in a LinkedIn posting Sunday the Taiwanese company plans to double the size of its business in the South Asian country, as he congratulated Prime Minister Narendra Modi for his birthday. He didn’t give details.
“We will work even harder to present you with a greater birthday gift next year, aiming for another doubling of employment, FDI, and business size in India,” Lee said.
Read the full story on Bloomberg here.