Tag: Foxconn Technology Group

Govt of India approves Samsung, iPhone makers for Rs10.5 lakh cr smartphone incentive plan

The Government of India has approved applications of Samsung and 3 Apple iphone makers — Foxconn Technology Group, Wistron Corp., Pegatron Corp., to manufacture mobile phones in the country over the next five years. They are among the 16 companies that won approval under the Production-Linked Incentive scheme (PLI).  According to the Indian Ministry of…

Samsung to invest $500mn to set up display factory in India

Samsung Electronics Co, on Monday, announced that it is considering building a factory in India to produce flat-screens under the Samsung Display subsidiary. The company is planning to invest $500million as it is attempting to expand smartphone production in the country.  According to a company filing, Samsung Electronics will provide a ₹3,500crore loan and transfer…

Foxconn to begin assembling Apple iPhones in India by 2019.

Taiwanese multinational electronics contract manufacturing company, Foxconn Technology Group will invest well over Rs 1,500 crore to have new production lines to manufacture certain iPhone models in its factory in Sriperumbudur near Chennai, according to an ET post. Currently, Wistron, another Taiwanese smartphone manufacturing company makes Apple phones such as the iPhone 6S and SE models in Bengaluru in…