India has achieved a remarkable milestone, officially becoming Foxconn’s third-largest global hub with an impressive 11% share of the company’s worldwide assets. This development signals a dramatic shift in the global electronics manufacturing landscape, as India cements its status as a critical pillar in Foxconn’s and Apple’s supply chain strategy.
Foxconn, the world’s leading electronics manufacturer and Apple’s primary partner, has rapidly expanded its footprint in India over the past few years. The company’s aggressive investment strategy is evident in the establishment of massive new facilities, particularly in Karnataka, where a sprawling 300-acre plant is nearing completion. This facility alone represents a capital investment of over ₹21,911 crore and is set to create up to 100,000 jobs over the next decade.
The Karnataka plant is not just another factory—it marks a strategic pivot for both Foxconn and Apple. With rising geopolitical tensions and the need to diversify away from China, India is now positioned as Apple’s main manufacturing hub outside of China. In fact, Apple CEO Tim Cook recently confirmed that most iPhones sold in the US during the June quarter will be assembled in India, underscoring the country’s growing influence in the global tech ecosystem.
The numbers tell a compelling story. Foxconn’s share of assets in India has climbed to 11% of its global total, making the country its third-largest base after China and Taiwan.
Foxconn’s investments are not limited to assembly lines. The company is building out a robust ecosystem, from component manufacturing to semiconductor fabrication, further embedding India in the global electronics value chain.
The influx of foreign direct investment, technology transfer, and job creation is poised to accelerate India’s ambitions of becoming a global manufacturing powerhouse. The Production Linked Incentive (PLI) scheme and state-level incentives have played a crucial role in attracting Foxconn’s capital and expertise.
India’s rise is also reshaping global supply chains. As Foxconn and Apple de-risk their operations from geopolitical uncertainties, India’s role as a stable and scalable manufacturing base becomes even more vital.
With the Karnataka facility set to begin commercial shipments of “Made in India” iPhones and other devices, the momentum shows no signs of slowing. Foxconn’s ongoing investments, coupled with government support and a skilled workforce, are likely to push India’s asset share even higher in the coming years.
