Foxconn invests ₹267 crore to kickstart iPhone 16 pro manufacturing in India
In a filing, Foxconn said, “Subsidiary Foxconn Hon Hai Technology India Mega Development Private Limited announces obtaining of machinery equipment” with a total transaction amount of “$31,804,528.45” from” APPLE OPERATIONS LIMITED”. According to sources, the procurement has been done to add capacity in Foxconn’s Tamil Nadu unit for manufacturing iPhone 16 Pro series smartphones.
In a filing, Foxconn said, “Subsidiary Foxconn Hon Hai Technology India Mega Development Private Limited announces obtaining of machinery equipment” with a total transaction amount of “$31,804,528.45” from” APPLE OPERATIONS LIMITED”. According to sources, the procurement has been done to add capacity in Foxconn’s Tamil Nadu unit for manufacturing iPhone 16 Pro series smartphones.
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