Foxconn to spend ‘few billion dollars’ on 10-12 India plants
FOXCONN Technology, the world’s largest contract electronics manufacturer, is aiming to develop 10-12 facilities in India, including factories and data centers, by 2020, Chairman Terry Gou said yesterday.
The company could spend a “few billion dollars” on developing the facilities, said Gou, whose company’s listed flagship unit is Hon Hai Precision Industry.
“A lot of our customers, especially Chinese customers, need us to manufacture ... in India, to make phones, tablets, TVs, as soon as possible,” Gou said in an interview on the outskirts of Guiyang, capital of Guizhou Province, where the company already operates a manufacturing plant and data center.
The announcement makes Foxconn the latest tech powerhouse to set its sights on the world’s second-most populous nation. It follows smartphone company Xiaomi, which in March unveiled plans to begin manufacturing in India.
Foxconn’s move comes as it grapples with rising expenses at its 25 manufacturing sites in China, where wages have more than doubled since 2010.
The Indian expansion plans come soon after the company closed a mobile phone plant in southern India, prompting protests from some of the workforce of about 1,700 people. Foxconn did not elaborate on the reasons for the closure beyond citing changes in its customer base.
It was not immediately known how many jobs the proposed new plants would eventually create.
- About Us
- |
- Terms of Use
- |
- RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证:沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证:31120180004
- |
- 网络视听许可证:0909346
- |
- 广播电视节目制作许可证:沪字第354号
- |
- 增值电信业务经营许可证:沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.