Foxconn, a primary partner of Apple in manufacturing iPhones and other gadgets, has announced the investment of INR 12,800 crore in India. This was declared in a Taiwan Stock Exchange filing. Foxconn's Singapore based subsidiary will be injecting these funds into the Indian company,

Apple supplier Foxconn will invest $1.5 billion in its India unit, the company said in a filing, as the iPhone maker shifts more manufacturing out of tariff-hit China.

Foxconn is investing $1.5 billion to expand its Indian operations as Apple diversifies production away from China, aiming to mitigate geopolitical and tariff risks. This move follows Apple's plan to manufacture a majority of iPhones sold in the US in India.