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Apple supplier Foxconn is reportedly exploring the acquisition of up to 300 acres of land near the Yamuna Expressway in Greater Noida
iPhone-maker Foxconn
In a significant development for India’s electronics manufacturing sector, Apple supplier Foxconn is reportedly exploring the acquisition of up to 300 acres of land near the Yamuna Expressway in Greater Noida, Uttar Pradesh, according to a report by The Economic Times on April 14.
If finalized, this facility would mark Foxconn’s first major plant in North India and could potentially be larger than its upcoming Bengaluru plant, which is already poised to become the company’s second-largest unit globally, the report noted.
The move aligns with efforts by both Foxconn and Apple to diversify their supply chain out of China and mitigate tariff pressures by increasing their manufacturing footprint in India.
While News18.com has not independently verified this report, it highlights that discussions with the government are ongoing, and a final decision on what will be manufactured at the facility is yet to be made.
The proposed site is reportedly near the 50-acre HCL-Foxconn semiconductor assembly plant, also located along the Yamuna Expressway corridor. The Uttar Pradesh state government had earlier allocated land near the upcoming Jewar airport for the semiconductor project.
The report comes at a time when the central government is in the final stages of clearing the next batch of semiconductor proposals under Phase 1 of the India Semiconductor Mission (ISM), aimed at boosting domestic chip manufacturing.
India Exports $17.4 Billion Worth of iPhones
India’s role in Apple’s supply chain has grown beyond assembly. The company exported Rs 1.5 lakh crore worth of iPhones, or around $17.4 billion, in the fiscal year ending March 2025. A major boost to this came after the US government, under President Donald Trump, implemented ‘reciprocal’ tariffs — prompting Apple to prioritise India-made iPhones for the American market.
Thanks to this shift, shipments from India to the US have surged, particularly after iPhones assembled in India were exempted from the US tariffs, unlike goods coming from China.
India’s Competitive Edge Over China
According to the India Cellular and Electronics Association (ICEA), which includes Apple, Foxconn, Xiaomi, Dixon, and Lava among its members, both India and Vietnam enjoy a 20% pricing advantage in the US market over Chinese-made smartphones, due to the absence of tariffs.
Vietnam similarly exports Samsung smartphones to the US without duties, but Apple’s scale in India is quickly catching up.
Apple’s Growing Presence in India
Apple’s local strategy isn’t limited to exports. The company is expanding its footprint in the Indian consumer market, where it now commands nearly 8 per cent of the smartphone market share, with sales approaching $8 billion in FY24.
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