Contract manufacturer Hon Hai Precision (Foxconn) laid plans to begin producing iPhones at a new factory in southwest India in April 2024, as it steps up the transfer of assembly out of China, Reuters reported.

In a report dated 1 June, the news outlet stated the plant will have an estimted output of 20 million units per year and be located in Bengaluru, the state capital of Karnataka, where the government will provide land valued at INR130 billion ($1.6 billion) early next month.

The factory is expected to create 50,000 jobs.

In late 2022 TF International Securities analyst Kuo Ming-Chi noted the vendor was upping its targets for production outside of China from between 2 per cent and 4 per cent previously to 45 per cent.

India’s government awarded INR450 billion in incentives to domestic and international electronics companies in 2020.

Apple started manufacturing iPhones in the country in 2017.