Manufacturing Moving Out Of China For Friendlier Shores

[NG Missile Vessels]

Taiwan's Foxconn to invest 'billions' in India expansion push

Foxconn currently has nine campuses in India, including more than 30 factories and roughly 20 dormitories for tens of thousands of employees

Taiwanese tech giant and key Apple supplier Foxconn said Monday it sees the potential to invest "several billion dollars" in India, with the firm looking to diversify its manufacturing away from China.

Foxconn -- also known by its official name Hon Hai Precision Industry -- is the world's biggest contract electronics manufacturer and assembles devices for many companies, most notably Apple's iPhones.

It operates in more than two dozen countries but the bulk of its operations is based in China -- a dependence it is looking to reduce, with media reports of major investments in India.

"From the perspective of India's potential market size and if we can fully implement our plans there, I think several billion dollars in investment is only a beginning," Foxconn chairman Young Liu said when asked during an earnings call if the firm planned to invest $2 billion in India.

Foxconn in May announced the purchase of a huge tract of land on the outskirts of Indian tech hub Bengaluru for $37 million.

It currently operates about nine production campuses and has more than 30 factories in India, with "turnover of business size of roughly $10 billion annually", according to Liu.

The company is planning to expand its India operations to "critical components" for consumer electronics and electric vehicles to boost its competitiveness, he said, without giving more details.

"Shipping (for critical components) will probably have to wait till next year but this year, relevant constructions have started," Liu said, adding the operations will take place in three states in India.

Foxconn boss sees potential to invest billions in India

Foxconn -- also known by its official name Hon Hai Precision Industry -- is the world's biggest contract electronics manufacturer and assembles devices for many companies, most notably Apple's iPhones.

www.google.com

Taiwan's Foxconn to invest 'billions' in India expansion push

Key iPhone assembler says full-year sales will decline amid slow PC and server recovery

asia.nikkei.com

 

[OIO]

Looking at the installed capacity of power plants, it is difficult to transfer the manufacturing industry regardless of the industrial chain.

Childish people always dance after reading a propaganda article.

You guys are too young and too simple!

 

[beijingwalker]

Why Indians are this delusional everyday tries to compare itself with a country 5 to 6 times of its economy? 20 years ago China was already the world top trading nation, trade surplus nation, manufacturing nation and industrial nation, today's India is no where close to where China's position was 20 years ago, but they still think they can take on China, such a strange bunch.

 

[Broccoli]

China is also suffering from +20% youth unemployment and this wont help their issues.

 

[beijingwalker]

China is also suffering from +20% youth unemployment and this wont help their issues.

Cause rich kids don't want to work, 20 years ago no one can afford not working, but now everyone can just take a long break and still enjoy their lives at home, many young people in China become career travelers.

China faces structural mismatch in labour market, factories facing 30 million manufacturing workers shortage as interest in manufacturing falls among

China faces structural mismatch in labour market, factories facing 30 million manufacturing workers shortage as interest in manufacturing falls among youth

pdf.defence.pk