Posted 06/12/2015 at 8:57 AM
Posted 2 years ago
Foxconn Technology, known worldwide as the makers of iPhones as well as other electronic products, is looking to expand their manufacturing operations — and they’ve chosen their neighbor to the south, India.
The move is currently being negotiated, with government officials confirming these talks recently.
The industries minister of the Indian western state of Maharashtra, Subhash Desai, said: “Foxconn is sending a delegation of their officers to scout for locations in a month’s time.”
Foxconn is considering building 10 to 12 factories which will include factories and data centers with a final completion date of 2020.
The products that would be made at these factories would include iPhones, iPads & iPods.
The Taiwanese company would be returning to India after having to shutter its locations last year when their client, Nokia ceased operations.
The move would also be a boon to Apple, who could see their position rise from third in a country where Samsung Electronics and local smartphone makers have hold of the market, due to cost.
Foxconn’s potential move would also help boost India’s aim for greater localized tech manufacturing in their country.
Another factor of the move would be the looming rate of wage inflation underway in China.