Foxconn buys Rs 267 cr worth equipment to make iPhone 16 Pro in India

Taiwanese electronics giant Foxconn has procured equipment worth $ 31.8 million (about Rs 267 crore) for its India factory as it gears up to start manufacturing of iPhone 16 Pro Series at its Tamil Nadu unit, according to a regulatory filing and industry sources.

This is the first time Apple’s high-end iPhone Pro series will be made in a country other than China.