As mentioned in earlier post, Foxconn is planning to open 10-12 manufacturing facilities in India.
Finally, Foxconn is in discussion with Telengana CM K. Chandrasekhar Rao. Last time Foxconn had discussions with Maharashtra CM. Foxconn is deeply interested in investing in India due to incremental wages in China.
India being one of the Strategic market for Apple and foxconn opening a manufacturing facility shows clear intentions of Apple. Beneficial for both, Apple can supply cheaper Models in India and Foxconn can be out of worry ( raising wages in China )
Foxconn was forced to shut in India last year after client Nokia closed Chennai manufacturing plant, would be a major victory for India, which badly needs to turn its tech boom into a manufacturing as well as employment.
“The smartphone boom in India indicates the time is just right to focus on expansion plans and increasing volume in India to a comparable level with the China market in the next five years,” said Sky Li, vice president of Foxconn.
What is Foxconn
Terry Gou founded Hon Hai Precision Industry Company Ltd, the anchor company of Hon Hai / Foxconn Technology Group in 1974 with US$7,500, a devotion in integrating expertise for mechanical and electrical parts and an uncommon concept to provide the lowest “total cost” solution.
Hon Hai / Foxconn Technology Group is the most dependable partner for joint-design, joint-development, manufacturing, assembly and after-sales services to global Computer, Communication and Consumer-electronics (“3C”) leaders. Aided by its legendary green manufacturing execution.
Today, Foxconn is one of the biggest manufacturer of Apple iphone and ipads.
What is Foxconn eCMMS Model
eCMMS stands for e-enabled Components, Modules, Moves and Services. eCMMS is the vertical integrated one stop shopping business model by integrating mechanical, electrical and optical capabilities altogether. It covers solutions ranging from moulding, tooling, mechanical parts, components, modules, system assembly, design, manufacturing, maintenance, logistics … etc. Through eCMMS model, Hon Hai / Foxconn’s Shenzhen campus is not only the world’s largest 3C manufacturing base, but also the shortest supply chain at the same time.