As part of its strategy to diversify its manufacturing base beyond China, Foxconn, Apple's top manufacturer, has struck a significant deal with Tamil Nadu, India, to invest 16 billion rupees (~ $194 million) in a new electronic components manufacturing facility.

This venture is expected to generate 6,000 jobs, boosting employment opportunities in the region.

The Foxconn Industrial Internet (FII) facility will be constructed in the Kancheepuram district near Chennai, the state capital. The company noted that this facility will be separate from Foxconn's sprawling campus in Chennai, where the company assembles Apple's iPhones.

iPhone maker Foxconn to invest about $700 million in a new plant in India
Apple’s top manufacturer Foxconn Technology Group has announced plans to invest about $700 million in a new plant in India to ramp up local production, according to Bloomberg, citing people familiar with the matter. Foxconn’s investment in India underscores its accelerating shift of manufacturing a…

There is little information on whether the components produced in the new manufacturing job will be exclusively for iPhones or for other companies as well.

Currently, the Taiwan-based electronics company employs approximately 40,000 workers at its facility near Chennai. Still, the company has ambitious plans to expand its Tamil Nadu iPhone factory by four times its current workforce by late 2024 as part of its larger diversification plans beyond China.

Foxconn is investing $246 million in Vietnam, as it diversifies away from China
Driven by its commitment to diversify away from China amid continuous tensions between Beijing and Washington, Foxconn, the renowned global electronics assembler, is making a resounding statement in Vietnam’s thriving industrial landscape. With a bold investment of $250 million in two new projects…

According to Reuters, the target completion of the new plant is scheduled for 2024 presenting a significant opportunity for Tamil Nadu to boost its electronics manufacturing sector and attract further high-tech advancements to the region.

Also, the investment by Foxconn is a sign that India is becoming an attractive destination for electronics manufacturing.