CALCULATE YOUR SIP RETURNS

Foxconn Eyes Greater Noida for Major Expansion: 300 Acres for First North India Facility

Written by: Team Angel OneUpdated on: Apr 15, 2025, 4:03 PM IST
Foxconn may set up its first North India facility in Greater Noida, eyeing 300 acres along the Yamuna Expressway, aligning with India’s growing EMS cluster.
Foxconn Eyes Greater Noida for Major Expansion: 300 Acres for First North India Facility
ShareShare on 1Share on 2Share on 3Share on 4Share on 5

Foxconn, a key global supplier for Apple, is reportedly exploring the development of a large-scale manufacturing facility in Greater Noida, Uttar Pradesh. According to a news report, the company is in early discussions with government authorities and is considering acquiring a 300-acre plot along the Yamuna Expressway. This initiative could potentially mark Foxconn’s first footprint in North India and further cement India’s position in the global electronics manufacturing ecosystem.

Greater Noida: Emerging Electronics Manufacturing Cluster

As per the report, Greater Noida is fast evolving into a formidable electronics manufacturing cluster, similar to Chennai. The region offers a favourable blend of infrastructure readiness, logistical connectivity, and a maturing supplier ecosystem. These elements are crucial in attracting global electronics manufacturing services (EMS) firms such as Foxconn.

The company’s interest in this area is also seen as part of its broader strategic objective — to create a diversified manufacturing base amid growing global uncertainties and supply chain disruptions.

Foxconn’s Proposed Land Acquisition Under YEIDA

The land identified for the new facility reportedly falls under the jurisdiction of the Yamuna Expressway Industrial Development Authority (YEIDA). It lies in the same industrial zone where the HCL-Foxconn joint venture has already secured 50 acres for an outsourced semiconductor assembly and test (OSAT) facility, which is currently pending government approval, as per the report.

This area is strategically located near the upcoming Noida International Airport in Jewar and is flanked by major expressways, making it an ideal logistical hub for large-scale manufacturing operations.

Expanding Footprint in India: A Strategic Shift

Foxconn’s interest in Greater Noida reflects its wider strategy of geographical diversification within India. The Taiwanese conglomerate already operates manufacturing units in Tamil Nadu, Karnataka, and Telangana. Recently, it exited operations from Sri City, Andhra Pradesh, indicating a reallocation of resources to more promising or strategic regions.

According to the report, expanding in India provides Foxconn not only with a risk mitigation strategy but also with access to emerging opportunities in EMS, which are increasingly shifting away from China due to global geopolitical dynamics.

Global Tariff Shifts and Geopolitical Backdrop

The company’s plans come at a time when global supply chains are undergoing significant realignment. The United States has recently imposed a range of tariffs on imports — from 10% to 50% — with China facing a steep 145% tariff. India’s exports have also been affected, with a 26% tariff imposed, while a 90-day pause has been granted to several other countries.

Such developments highlight the urgency for manufacturers to create alternative production hubs, and India, with its favourable policies and growing industrial base, appears to be a key beneficiary.

Apple’s Manufacturing Momentum in India

Foxconn’s expansion coincides with Apple’s increasing commitment to manufacturing in India. According to recent reports, Apple is now producing iPhones worth $22 billion annually in the country. Bloomberg earlier noted that approximately 20% of the global iPhone production now comes from India. For the financial year ending 31 March 2025, India exported iPhones worth ₹1.5 trillion (approximately $17.4 billion), showcasing the country’s rising importance in Apple’s supply chain.

Conclusion

While details regarding the final products to be manufactured at the proposed Greater Noida facility remain unconfirmed, the move signals a deeper integration of India into the global electronics manufacturing landscape. The proposed 300-acre site, with its proximity to key infrastructure and its location within a growing EMS cluster, positions Foxconn to potentially play a pivotal role in shaping North India’s industrial future.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

 

Published on: Apr 15, 2025, 4:03 PM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

Know More

We're Live on WhatsApp! Join our channel for market insights & updates

Open Free Demat Account!

Join our 3 Cr+ happy customers

+91
Enjoy Zero Brokerage on Equity Delivery
4.4 Cr+DOWNLOADS
Enjoy ₹0 Account Opening Charges

Get the link to download the App

Get it on Google PlayDownload on the App Store
Open Free Demat Account!
Join our 3 Cr+ happy customers