Foxconn, Apple’s main manufacturing partner, has bought a huge tract of land on the outskirts of Indian tech hub Bengaluru, India, reports AFP.
The 13 million-square-foot acquisition in Devanahalli, near the airport for Bengaluru, was announced in a statement to the London Stock Exchange. It said that subsidiary Foxconn Hon Hai Technology India Mega Development was paying three billion rupees (about US$37 million) for the site, the size of more than 50 Manhattan city blocks.
What’s more, in February it was reported that Foxconn has secured a new site in Vietnam, as it pushes ahead with efforts to shift more production away from mainland China following major disruptions at its key manufacturing base late last year. The companysigned a lease with Saigon-Bac Giang Industrial Park Corp to occupy a plot of 45 hectares (111 acres) for around US$62.5 million to meet “operational needs and expand production capacity,” according to an exchange filing.
Finally, on a somewhat-related note, the South China Morning Post reports that Foxconn boss Liu Young-way told workers at its Chengdu factory that there were no plans to leave the city, and that it was an ‘important’ production base for the region.
“All the products were made by you, and we should be grateful for that,” Liu was quoted as saying. “We have no plans to exit Chengdu. I hope that Chengdu could become an important base in the western [region of China] to support hi-tech industries, and make more money [for its people].”
Article provided with permission from AppleWorld.Today
