Foxconn to expand Chennai facility from existing two to four buildings

Apple’s iPhone manufacturer Foxconn may expand its manufacturing facility in India by adding two additional buildings at its site near Chennai. It is also looking to establish a research and development center in Bengaluru’s Whitefield, a strong indication of the rapid capacity expansion in India by the contract manufacturer.

Why it’s important: The development comes at a time when Apple is looking at increasing its engagement in India to reduce dependence on Chinese supply chains. MoneyControl