From PC World: As part of its plan to set up to 12 manufacturing facilities in India by 2020, contract manufacturer Foxconn Technology Group is investing US$5 billion in a factory and other facilities in the western Indian state of Maharashtra.
The Indian government has been coaxing foreign companies, including smartphone makers, to set up manufacturing units in India under its “Make in India” program.
A number of smartphone makers are planning to make the devices in the country, with Chinese maker Xiaomi expected to announce its first phone manufactured in India on Monday.
The government recently gave security approval to Huawei Technologies’ plans to set up a manufacturing facility for network equipment in the country, though the facility still needs final approval from the ministry of commerce as it is a Chinese company, according to sources close to the matter. India and China have a border dispute.
Foxconn and the government of Maharashtra have entered into a memorandum of understanding to build a large electronics factory in the state with an investment of $5 billion, which would create employment for at least 50,000 people, state chief minister Devendra Fadnavis said after the signing of the agreement at which Foxconn CEO Terry Gou was present.
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