The workforce at Foxconn’s smart phone manufacturing facility in Sri City, currently the only Indian facility run by the Taiwanese electronics manufacturing major, has crossed 10,000 people in a matter of 16 months.
With India’s potential market size pegged at 125 million mobile phones in the current year, Foxconn’s relentless capacity addition at Sri City only demonstrates the kind of job creation potential mobile phone segment holds in coming days in the country.
Foxconn had started its smart phone assembly plant in a 40,000 square-foot facility in May 2015 at Sri City industrial park. Three months later Chinese smart phone company Xiaomi had rolled out its first ‘Made in India’ smart phone Redmi Prime from Sri City facility on August 11, 2015.
Gionee, yet another customer of Foxconn, launched its new ‘Made in India’ F Series phone F 103 in October, 2015, which too was produced at Sri City facility.
As more number of companies opted Foxconn for their ‘Made in India’ plans, the company had almost continuously added the assembly capacity at its Sri City factory, whose combined shop floor area now runs into 2.65 lakh square feet. Apart from these two brands, Foxconn also makes mobile phones for Micromax, Lava, Asus among other brands from here.
“One more facility is being built at the existing site by Foxconn and 2,000-3,000 are likely to be added to the existing workforce once these new assembly lines are ready to start production,” a source told Business Standard.
According to a senior AP government official, Foxconn was currently producing 1 million mobile phones per month at its Sri City plant and the company has plans to ramp up the capacity to 4 million mobile handset per month.
The state government had extended tax incentives including reimbursement of net VAT, a 10 year central sales tax waiver among other things to Foxconn. The government also gives Rs 10,000 towards training cost of each employee hired by Foxconn. The company has established this factory in the name of Rising Star Mobiles India (P) Ltd.
An earlier news item