Foxconn to set up new facilities in India in 6 months

Foxconn to set up new facilities in India in 6 months

Electronics manufacturing major Foxconn is looking to scale up its presence in India to new states within six months.

“We are looking at expanding our presence to a few more states in the next few months, probably a couple of quarters,” Foxconn India Country head and MD Josh Foulger told PTI on sidelines of China-India Mobile Phone and Component Manufacturing Summit.

Foxconn, at present, has facility in Tamil Nadu and Andhra Pradesh and is in the process of setting up a new plant in Maharashtra with an investment of $5 billion. “Chairman (Terry Gou) has made a commitment to Prime MinisterNarendra Modi to strengthen Make in India. Within six months of that commitment, our facilities have been in place and we are now employing about 6,000 people. Investment is no constraint,” Foulger said.

The company at present is making phones and television sets for various companies, including Xiaomi, Gionee, OnePlus, InFocus and others. Foxconn also manufactures iPhone, iPad and several other Apple products in factories in China. In China, it has 34 facilities and is looking to have a pan-India presence.

“Our chairman has committed a 10-year road map to set up plants across India. For a market like India, you have to build pan-India capacities. We will expand in the country based on business conditions,” Foulger said.


[Source:- business today]