The Taiwanese giant has already been expanding its India footprint by investing in manufacturing facilities in the south of the country

The Taiwanese electronics giant is continuing its push to move its supply chains away from China

Chip firm chiefs are heading to Prime Minister Narendra Modi's home state for the annual SemiconIndia conference in Gandhinagar

Explaining its breakup with Vedanta, Foxconn said "there was recognition from both sides that the project was not moving fast enough"

Prime Minister Narendra Modi has earmarked chipmaking as a top priority for India and Foxconn's withdrawal will be seen as a major blow

The US tech giant’s CEO is in India to open the first official company-owned outlets in the country

The data follows the iPhone-maker’s efforts to diversify production out of China, along with increasing investments in India from its suppliers

Pegatron, currently responsible for 10% of Apple's iPhone annual production in India, intends to build a second facility near Chennai in Tamil Nadu state

Earlier this month, Foxconn said it was seeking cooperation in India in new areas like chips and electric vehicles after a visit to the country by its chairman

The deal will see the Taiwanese iPhone maker produce AirPods for the first time in another significant shift of tech production away from China

The legislation led to laws that give India's Karnataka state “one of the most flexible working regimes in India,” according to a report by the Financial Times

Foxconn chief met Indian Prime Minister Narendra Modi this week 'to build an ecosystem allowing all stakeholders to share, collaborate and thrive'