Apple
Manufacturing partner
Foxconn plans to travel to
India and explore possible
Locations to reopen production
Facilities in the country, in a move that could bring
iPhone assembly and potentially lower prices to the emerging market.
Reuters reports that
Foxconn could benefit from lower production costs in
India as wages continue to increase in China, where the majority of its operations are currently based.
[IMG]http://cdn.macrumors.com/article-new/2015/06/Foxconn-******-FT-800x385.jpg[/IMG]
"Foxconn is sending a delegation of their ******rs to scout for
Locations in a month's time," Subhash Desai, Industries Minister of India's western state Maharashtra, told Reuters. The report claims
Foxconn plans to build 10-12
Facilities in India, such as factories and data centers, by 2020, although the Taiwan-based company has **t provided any further details about its plans.
The return of
Foxconn would provide an eco**mic boost for India, which continues to rival neighboring China in the tech**logy sector. The
Manufacturing company was forced to close shop in
India last year after losing client **kia, but **w eyes a return to the country with plans to manufacture iPhones, iPads and iPods.
"A return of Foxconn -- which was forced to shut up shop in India last year after client **kia closed -- would be a major victory for India, which badly needs to turn its tech boom into a Manufacturing and employment boost.
India, under Prime Minister Narendra Modi, has sought to reboot manufacturing, but the country is yet to rival China, particularly in tech**logy where most factories will likely be assembly units to begin with."
Foxconn assembles iPhones, iPads and a number of other products for Apple, one of its main clients, and also serves as a
Manufacturing partner with other consumer electronics makers such as Xiaomi, Acer and Sony. Its main competitors include Taiwanese Semiconductor
Manufacturing Company (TSMC) and Quanta Computer.
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