Foxconn is set to invest $1.6 billion in India

iPhone maker Foxconn is set to expand its India operations with an additional investment of NT$50 billion ($1.6 billion) to be used for construction projects. The move is part of the company”s China Plus policy, which aims to shift the business from China in light of disagreements between Washington and Beijing.

The company has not disclosed further details about the projects. However, an exchange filing said that the investments will be utilized for “operational needs,” Bloomberg reports.

Foxconn is a Taiwanese engineering giant that predominantly focuses on the manufacturing of iPhones and other products. The company derives about half of its income from its cooperation with Apple.

Foxconn has a significant presence in India, with production plants where iPhones, including the latest iPhone 15, and other products are being manufactured. In September, the company announced that it was considering doubling its operations in India.

Earlier in August, Karnataka state officials said Foxconn will invest $600 million in the state to build two component factories, which include a plant to produce mechanical enclosures for iPhones and a semiconductor equipment manufacturing plant.

The two projects are in addition to a $700 million facility being built on a 300-acre (121-hectare) site close to the airport in Bengaluru, the capital of Karnataka, to assemble iPhones, according to Bloomberg News.