Nov 28, 2023 06:38 AM
BUSINESS
IPhone Maker Hon Hai Plans $1.6 Billion India Expansion Bid
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(Bloomberg) --IPhone maker Hon Hai Precision Industry Co. plans to expand its footprint in India with another NT$50 billion ($1.6 billion) investment for construction projects.
The announcement, made in an exchange filing in Taiwan late Monday, didn’t give any further details, saying only that the investment was for “operational needs.” A spokesperson for the company declined to say where the new facilities would be or what they would build.
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