back to article Foxconn signals Indian expansion to make ... something it will reveal eventually

Electronics manufacturer to the stars Foxconn has signaled it will make further investments in India. The company, formally known in its native Taiwan as Hon Hai Technology Group, yesterday conducted its annual general meeting to a small crowd of mask-wearing and somewhat somnambulant investors (check out the video of the less …

  1. Anonymous Coward
    Anonymous Coward

    Good Idea

    I think it is a sensible strategy, given China's threatening postures recently with its neighbours and trade wars looming.

    Plus India is a huge untapped market, ready to explode in many ways, with an aspiring middle class, bigger than the whole of USA ! India will not only need phones, but many many other electronic items in the eco system.

    Good move, I'd say.

  2. Tubz

    Cannot understand why companies have not started to shrink manufacturing in China due to their current standing in the world and rising costs.

    1. Anonymous Coward
      Anonymous Coward

      answer

      Cheap / Free (jail) labour and subsidies = Profits .

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