Foxconn is planning a large-scale expansion in India, in a move away from the Chinese labor market. The company plans to open up to 12 plants in India employing 1 million local workers by 2020.
The conglomerate's shift away from the Chinese market has been influenced by a number of factors including rising labor costs and labor disputes.
Foxconn is currently the largest private employer in Mainland China and produces the world's Apple iPhones and iPads.
India has hoped to become a “world factory,” on the same scale as China for a number of years. However, because of weak infrastructure and complex employment regulations, the Indian manufacturing sector has been slow to develop.
Chinese-style Foxconn factories in India would be huge for the development of the India's manufacturing economy and would help further Indian Prime Minister Narenda Modi's “Made in India” movement.
Source: inews.qq.com
Warning：The use of any news and articles published on eChinacities.com without written permission from eChinacities.com constitutes copyright infringement, and legal action can be taken.
Keywords: Foxconn plans to open up to 12 plants in India employing 1 million local workers by 2020.
All comments are subject to moderation by eChinacities.com staff. Because we wish to encourage healthy and productive dialogue we ask that all comments remain polite, free of profanity or name calling, and relevant to the original post and subsequent discussion. Comments will not be deleted because of the viewpoints they express, only if the mode of expression itself is inappropriate.
Please login to add a comment. Click here to login immediately.
that what happens if the salaries of Chinese raise 10-20% every year. At one point the Chinese will notice that there aren't enough jobs anymore and the government will have a huge problem with all the bullocks there are doing
Jul 16, 2015 09:06 Report Abuse
My motto. If they eat rice, don't expect them to be nice....business wise I'd trust an Indian the same as a Chinese
Jul 16, 2015 06:44 Report Abuse
lol brilliant! chinese are worse, hubris and aggression on top of dishonesty
Jul 16, 2015 07:59 Report Abuse
I wouldn't buy a company's stock if it still hangs around china, has to be run by retards. "On Dec. 17, Microsoft said it was closing the mobile phone factories of Nokia in Beijing and Dongguan and moving the business to Hanoi. A number of other foreign enterprises are expected to join the exodus this year, including Panasonic, Sharp, Daikin, and TDK, all Japanese firms. They plan to transfer some capacity back to Japan or to other countries. Others such as Uniqlo, Nike, Foxconn, Funai, Clarion and Samsung are setting up new factories in Southeast Asia and India while scaling down their Chinese operations. "www.ejinsight.com/20150226-foreign-capital-leaving-china-at-faster-pace/
Jul 16, 2015 01:55 Report Abuse
Are you for real? There is one actress, a former pornstar from the West in Indian film industry and every second day she gets threatened to leave by fellow 'professionals'. Google "RSS" and you will find what will India do if given the money and power China has? They don't have time from hating each other based on caste system.
Jul 15, 2015 19:48 Report Abuse
Sign up with
Google
(
(