Foxconn plans to invest 'several billions' in India
Shortpedia
Content Team
Image Credit: NewsBytes
Foxconn's strategic pivot to India exemplifies the "China plus one" strategy, which aims to diversify supply chains beyond China. On Monday, Foxconn chairman Young Liu said the contract manufacturer is expected to invest "several billions" in India. The company aims to expand the production capacity for making key components for consumer electronics and some electric vehicle components.
