SAN JOSE – Flex is planning to invest up to $500 million to expand its manufacturing base in India, according to reports. The firm plans to set up export-oriented facilities, aiming for revenue of $1 billion in the next year.

Flex has more than 25,000 staff and 11 facilities in India already and wants to expand to become a key player in the Digital India program.

According to some reports, the EMS company wants to reduce its exposure in China.