{"id":1240909,"date":"2022-12-21T08:32:35","date_gmt":"2022-12-21T03:02:35","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1240909"},"modified":"2022-12-21T08:33:14","modified_gmt":"2022-12-21T03:03:14","slug":"iphone-manufacturer-creating-mega-hostel-for-60000-employees-in-chennai-will-all-future-iphones-will-be-made-in-india","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/iphone-manufacturer-creating-mega-hostel-for-60000-employees-in-chennai-will-all-future-iphones-will-be-made-in-india\/","title":{"rendered":"iPhone Manufacturer Creating Mega Hostel For 60,000 Employees In Chennai: Will All Future iPhones Will Be Made In India?"},"content":{"rendered":"\n<p>Foxconn, Apple&#8217;s largest contract supplier, is building two large hostels which can cumulatively accommodate up to 60,000 workers near its manufacturing facility near Chennai.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"465\" src=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2022\/12\/Untitled-design-2-5.png\" alt=\"iPhone Manufacturer Creating Mega Hostel For 60,000 Employees In Chennai: Will All Future iPhones Will Be Made In India?\" class=\"wp-image-1240923\" srcset=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2022\/12\/Untitled-design-2-5.png 1000w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2022\/12\/Untitled-design-2-5-300x140.png 300w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2022\/12\/Untitled-design-2-5-768x357.png 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Growing base in India<\/strong><\/h2>\n\n\n\n<p>Construction is underway at the 20-acre plot for large hostel blocks as part of company plans to expand its production capacity for Apple devices in India.<\/p>\n\n\n\n<p>This move comes as exports surge from India owing to the diversification of global supply chains away from China.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Upcoming spike in headcount numbers<\/strong><\/h2>\n\n\n\n<p>The manufacturer currently employs nearly 15,000 workers at its Chennai facility.<\/p>\n\n\n\n<p>This figure could exceed 70,000 over the next 18 months.<\/p>\n\n\n\n<p>A 20,000-bed hostel should be ready in about ten months and when ready, the two hostels will be large enough to house around 60,000 people.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Food and medicine to be provided<\/strong><\/h2>\n\n\n\n<p>The company is also building two new manufacturing facilities at its campus.<\/p>\n\n\n\n<p>Along with accommodation, Foxconn will <a href=\"https:\/\/www.moneycontrol.com\/news\/business\/companies\/iphone-maker-plans-mega-hostels-for-60k-workers-in-chennai-9714711.html\/amp?utm_campaign=fullarticle&amp;utm_medium=referral&amp;utm_source=inshorts\">also <\/a>make provisions for food and medicine as it has followed in China.<\/p>\n\n\n\n<p><strong>Reducing reliance on China<\/strong><\/p>\n\n\n\n<p>The development is part of the Apple supplier\u2019s plans to move its base away from China.&nbsp;<\/p>\n\n\n\n<p>It recently faced massive disruptions at the Zhengzhou plant, the world\u2019s largest iPhone production facility.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>India to overtake China by 2025<\/strong><\/h2>\n\n\n\n<p>Meanwhile in India, Apple has seen a notable improvement in its domestic sales accompanied by a surge in exports of devices manufactured in the country.<\/p>\n\n\n\n<p>Even though most of the world\u2019s iPhones are currently manufactured in China, analysts say that India will have replaced China as the top producer of the devices by the year 2025.<\/p>\n\n\n\n<p>According to a JP Morgan report, Apple wants to manufacture 25% of all iPhones in India by 2025, from 5% currently, in a bid to diversify supply chains.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Building semiconductors in India<\/strong><\/h2>\n\n\n\n<p>Foxconn also has plans to invest up to $500 million in India for the production of semiconductors with Vedanta.<\/p>\n\n\n\n<p>It recently signed an agreement with Gujarat to develop a $20-billion semiconductor and display fab unit.<\/p>\n\n\n\n<p>Foxconn will contribute its technological knowledge to the operation, while Vedanta will finance the project.<\/p>\n\n\n\n<p>Capital and electricity costs will <a href=\"https:\/\/www.timesnownews.com\/business-economy\/companies\/foxconn-india-building-chinese-style-hostel-complex-to-accommodate-60000-workers-near-chennai-facility-article-96265592\">both <\/a>be subsidized by the state of Gujarat.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Foxconn, Apple&#8217;s largest contract supplier, is building two large hostels which can cumulatively accommodate up to 60,000 workers near its manufacturing facility near Chennai. Growing base in India Construction is underway at the 20-acre plot for large hostel blocks as part of company plans to expand its production capacity for Apple devices in India. This [&hellip;]<\/p>\n","protected":false},"author":24,"featured_media":1240923,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[55,280,277,279],"class_list":["post-1240909","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-apple","tag-chennai","tag-foxconn","tag-iphone"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>iPhone Manufacturer Creating Mega Hostel For 60,000 Employees In Chennai: Will All Future iPhones Will Be Made In India? - Trak.in - Indian Business of Tech, Mobile &amp; Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/iphone-manufacturer-creating-mega-hostel-for-60000-employees-in-chennai-will-all-future-iphones-will-be-made-in-india\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"iPhone Manufacturer Creating Mega Hostel For 60,000 Employees In Chennai: Will All Future iPhones Will Be Made In India? - Trak.in - Indian Business of Tech, Mobile &amp; Startups\" \/>\n<meta property=\"og:description\" content=\"Foxconn, Apple&#8217;s largest contract supplier, is building two large hostels which can cumulatively accommodate up to 60,000 workers near its manufacturing facility near Chennai. Growing base in India Construction is underway at the 20-acre plot for large hostel blocks as part of company plans to expand its production capacity for Apple devices in India. 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