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Foxconn is in talks to purchase 300 acres of land in Greater Noida along the Yamuna Express Highway
The discussions are currently at a very early stage the company is yet to decide which products will be manufactured in the new facility
The iPhone manufacturer on an expansion in India as it looks to double down on its Iphone manufacturing capacity in the country
Apple India’s contract manufacturer Foxconn is reportedly planning to build a new facility in Uttar Pradesh’s Greater Noida, as part of its expansion strategy in the country.
An ET report said that the iPhone manufacturer is eyeing 300 acres of land along the Yamuna Express Way in Greater Noida for the plant as this will be its first ever facility in North India.
The report further said that the discussions with the state government are at an initial stage and the company is yet to decide on the products in its new facility and the customers it will cater to.
Inc42 has reached out to Foxconn for comments on the development. The story will be updated based on the response.
It is pertinent to note that Foxconn and homegrown IT services major HCL’s joint venture secured a land in Yamuna Expressway Industrial Development Authority (YEIDA) region in Delhi NCR for its outsourced semiconductor assembly and test (OSAT) facility.
Foxconn is planning to purchase the land for the new facility in the same area.
The new facility is speculated to be slightly bigger than the company’s upcoming facility in Bengaluru for which it acquired 300 acres of land near the airport. The company has committed an investment of about INR 25,000 Cr for the said facility and is projected to have a production capacity of 20 Mn smartphones annually.
The Bengaluru plant will be the company’s second largest unit in India and second largest in the world.
The development comes at a time when Foxconn is on an expansion in India and is also looking to double down on its iPhone manufacturing efforts. Once the company’s Bengaluru unit marks its completion, it would push its annual iPhone manufacturing capacity in India from 12 Mn to about 25 Mn to 30 Mn in 2025.
Also, the Foxconn-HCL JV is also in talks with Larsen & Toubro (L&T) and Taiwanese construction engineering company CTCI to anchor its OSAT facility in UP. Besides, the company is looking to push its battery manufacturing efforts in the country and is in talks with the Tamil Nadu government to set up a 200 acres manufacturing unit in the state.
This comes amid the world dealing with the US tariff uncertainty. The contract manufacturer may look to diversify its operations and find other geographical alternatives for smooth operations. However, President Donald Trump’s administration has recently exempted the imposed counter tariffs measures on imports of certain categories of products which includes semiconductor equipment, smartphones, flat panel displays, computers and laptops among others. This will exclude Trump’s 125% tariff on China and 10% baseline tariffs on other countries.
But some US officials have told the media that the federal government plans to launch a national security investigation into semiconductors which could lead to other new tariffs in future.
In line with the counter tariff measures, Apple doubled its imports of iPhones from India in the month of March to INR 20,000 Cr from INR 11,000 Cr in a year ago period.
The US counter measure tariff includes 10% baseline duty on all imported products to the US and an additional 26% country specific tariff on Indian goods.
Dixon Technologies, Tata Electronics and Zetwerk, among others, are competing in India in the electronic manufacturing space. According to India Cellular and Electronics Association (ICEA), India became the 2nd largest manufacturer of smartphones by producing 2.45 Bn units of mobile phones worth INR 4.1 Lakh Cr in the financial year 2023-24 (FY24).
