The contract manufacturer currently produces phones for Xiaomi and select models for Apple in India. Speaking at Foxconn’s annual general meeting, Chairman Liu Young-way said that even though the coronavirus pandemic has impacted operations in India, the country is “a bright spot” in the company prospectus. He said that the firm may reveal its plans in the coming months: Earlier this year, a minister in the Indian state of Maharashtra claimed that Foxconn had backed out of a $5 billion deal that to build manufacturing units in the state. While the contract manufacturer denied this, it didn’t specify if it was going to continue the project and construct factories in Maharashtra.
