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Foxconn says looking at long-term investments in India

Published 2015-08-04, 12:19 p/m
© Reuters. Foxconn says looking at long-term investments in India

NEW DELHI/MUMBAI, Aug 4 (Reuters) - Foxconn, the trade name
for Hon Hai Precision Industry Co Ltd 2317.TW , will invest in
India as it builds a supply chain in the country, in a move that
may help the country's efforts to build a technology
manufacturing base.
Taiwan-based Foxconn is the world's largest contract maker
of electronic products and counts Apple AAPL.O , Blackberry
BB.TO , Xiaomi XTC.UL and Amazon AMZN.O among clients.
Founder and chairman said Terry Gou said on Tuesday he was
looking at India with a more than ten years timeframe in mind,
but had not firmed up investment figures yet.
Gou told Reuters in May he aims to develop 10-12 facilities
in India, including factories and data centres, by 2020.
ID:nL3N0YH3S5


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