Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

Foxconn looks to ramp up workforce on higher Apple orders, key licence.


Date: 19-04-2022
Subject: Foxconn looks to ramp up workforce on higher Apple orders, key licence
Chennai: Foxconn Hon Hai, the Taiwanese contract phone maker for Apple, plans to nearly double the headcount at its Chennai plant amid higher orders from the iPhone maker that is expected to post record numbers in 2022, people familiar of the development said.

Apple has got the government’s clearance for denotifying 40 acres inside Foxconn plant premises near Chennai, which would allow the company to ramp up production for the domestic market.

“The expansion has been on the cards. A portion of their premises has been denotified to ramp up production, for which they need to increase their workforce,” said a person directly aware of developments at the Taiwanese phone factory.

Companies that operate in special economic zones (SEZs) can produce for the local market by applying for denotification of portions of their factory as domestic tariff area (DTA).

The company has also accelerated its drive to reopen hostels after all of them were shuttered post a food-poisoning incident late last year. Now, a little over 10,000 of the total 15,000 workers have returned to the company-provided accommodations.

State government officials aware of Foxconn’s reopening drive said almost all hostels, except those that Foxconn opted not to open now, have been made functional.

“By May first week, Foxconn should be able to have its total workforce back at the hostels,” said an official aware of Foxconn's workforce at the plant.

The official added that Foxconn was building a large hostel at Vallam where the company plans to house its employees.

Mails sent to Apple and Foxconn remained unanswered as of press time Monday.

ET had reported earlier this week that Apple has started production of its high-end iPhone 13 in India at Foxconn’s plant to help deepen the US smartphone major’s presence in India.

Foxconn’s interest to scale up investments in India is in line with other Taiwanese companies that are eyeing other Southeast Asian countries, apart from China, to expand their manufacturing footprint, foreign policy expert Sana Hashmi told ET.

Source Name:- Economics Times

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 23-11-2022
NOTIFICATIONNo. 23/2022 – Central Tax
Seeks to empower the Competition Commission of India to handle anti-profiteering cases under CGST Act, 2017 with effect from 01.12.2022.

Date: 23-11-2022
NOTIFICATION No. 24/2022 – Central Tax
Seeks to make fourth amendment (2022) to CGST Rules with effect from 01.12.2022.

Date: 18-11-2022
Notification No. 58/2022-Customs
Seeks to amend Notification No. 27/2011- Customs, dated the 1st March, 2011 in order to withdrawal export duty on iron ore & steel products.

Date: 18-11-2022
Notification No. 59/2022-Customs
Seeks to amend Notification No. 50/2017-Customs, dated the 30th June, 2017 in order to withdrawal BCD exemption on Anthracite and PCI Coal, Coke & Semi coke and ferronickel.

Date: 18-11-2022
Notification No. 60/2022-Customs
Seeks to amend Notification 11/2021-Customs, dated the 1st February, 2021 in order to withdrawal AIDC exemption on Anthracite ,PCI Coal and Coking Coal.

Date: 17-11-2022
Notification No. 97 /2022 - Customs (N.T.)
Seeks to giv exemption from BCD for the motor car if imported by the Governor of the state .

Date: 17-11-2022
Notification No. 57/2022-Customs
Seeks to giv exemption from BCD for the motor car if imported by the Governor of the state .

Date: 16-11-2022
Notification No. 38/2022-Central Excise
Seeks to amend No. 18/2022-Central Excise, dated the 19th July, 2022 to increase the Special Additional Excise Duty on production of Petroleum Crude.

Date: 16-11-2022
Notification No. 39/2022-Central Excise
Seeks to further amend No. 04/2022-Central Excise, dated the 30th June, 2022 , to reduce the Special Additional Excise Duty on Diesel.

Date: 15-11-2022
NOTIFICATION No. 22/2022 – Central Tax
Seeks to make amendments (Third Amendment, 2022) to the CGST Rules, 2017.



Exim Guru Copyright © 1999-2022 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001