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Apple iPhone maker Foxconn plans $700 Million plant in India amid growing tensions between Washington and Beijing, says Report

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Image Credit: economic times

Apple iPhone maker Foxconn is planning $700 million plant in India, according to a report in Bloomberg. The move is seen as a shift away from China. The move to shift its plant to India comes amid the brewing tensions between Washington and Beijing. Foxconn is also looking forward to venturing into the EV market