This article is original, please do not plagiarize and carry, offenders will be investigated
Foxconn's investment in India has been followed by Apple's efforts to set up a number of iPhone foundries in India. India has also given Foxconn a lot of convenience, from land approval to subsidy concessions, almost everything that can be given.
What people didn't expect is that Apple's diversified layout strategy may support India's Tata Group to become India's largest iPhone assembly factory. Foreign media Terry Gou is embarrassed this time
Under the leadership of Terry Gou, Foxconn received OEM orders for Apple's ecological products and grew into the world's largest electronic OEM giant. In order to produce enough iPhones for Apple, Foxconn has set up production bases in mainland cities and hired nearly one million employees.
Gou's pursuit does not stop there, and he has also invested heavily in India for overseas markets. On December 12, the Indian state of Karnataka** issued a statement saying that Hon Hai plans to add 1391 to the stateRs 100 crore investment.
This investment is not a small amount, equivalent to 11.9 billion yuan. At the end of November, Hon Hai Group announced that it would build a factory on behalf of its Indian subsidiary and invest 12820.9 billion rupees, equivalent to about 11 billion yuan. The scale of investment by Foxconn's parent company has exceeded 24 billion yuan.
It seems that Terry Gou has a very high confidence in the Indian market, otherwise it would be impossible to spend a huge amount of money.
After all, India has been actively promoting the development of local manufacturing industry, providing a series of policy support and preferential measures, attracting many foreign companies to set up production bases in India. Foxconn has established several manufacturing plants in India and plans to further expand its investment and production scale in India.
India has huge labor resources and potential market demand, Foxconn is the world's largest electronic manufacturing service provider, with strong manufacturing and chain capabilities, which can meet the needs of the Indian market and provide high-quality products to Indian consumers.
India and Foxconn can achieve a win-win situation, Foxconn has invested tens of billions of yuan to win the broad future of the Indian market, why not.
There is always a gap between the ideal and the reality, and Gou's ideal Indian market is a smooth road, with a lot of money waiting for Foxconn to earn. But the reality is that Apple's diversified layout has brought a lot of competitive pressure to Foxconn.
Apple intends to dramatically increase production in India to 50 million units, and will increase its production capacity more than fivefold, or $40 billion, over the next five years.
With only one foundry at Foxconn, I am afraid it will be difficult to accomplish such a goal. As a result, India's Tata Group has become a part of Apple's diversified layout strategy, Tata Group has acquired Wistron India's iPhone foundry, and has invested a lot of money itself, with India's support behind it.
It has been revealed that the Tata Group plans to build India's largest iPhone assembly plant. Foreign media bluntly said: Guo Taiming is embarrassed this time, I didn't expect to work hard in India and become a foil for others.
Apple obviously won't pin all its hopes on Foxconn, and if Foxconn is asked to take on all the Indian-made iPhone production capacity, it will inevitably give Foxconn a big say. When the time comes, it will be possible to bargain with Apple, and Apple will not let such a thing happen.
Therefore, it is inevitable to support an iPhone assembly plant in India, but I don't know if Foxconn can stand out in the face of competition from the Tata Group.
If you agree, please like, welcome**, leave a message and share.