Invest 37.2 million yuan to expand the recruitment of 200,000 employees! Foreign media revealed that Foxconn is determined to develop
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Foxconn and Apple are inseparable, as long as Apple's market is taken seriously, Foxconn will definitely follow suit. After all, by following the big customers, Foxconn will be able to get big orders. Just like in India, Foxconn has followed Apple to build a series of iPhone foundries and is also expanding the scale of investment.
In addition, Foxconn continued to expand the Indian market, investing 37.2 million yuan and adding 200,000 employees! Foreign media: Foxconn is leaving. What is Foxconn's move in India? India's business environment is not good, can Foxconn succeed?
Foxconn continues to grow in India.
India has changed a policy measure to attract more business participants"Made in India"plan, and significantly increase the production of mobile phones. India has reportedly reduced tariffs on mobile phone components such as SIM card slots and metal machines from 15% to 10%.
Manufacturers who build factories in India can obtain imported mobile phone parts at a lower price, so as to make more profits. The adjustment of this rule is very beneficial to Foxconn, and it is clear that India has begun to make greater concessions after tasting the sweetness of investment from foreign companies such as Apple and Foxconn.
Modi didn't put much effort into getting foreign companies to invest in India, and Foxconn didn't let the Indian market continue to grow. According to reports, Foxconn invested 37.2 million yuan to build a joint venture with India's HCL Group to build a wafer sealing and testing plant.
In addition, Foxconn has made additional investments in its Bangalore, India, plant, which will build its first assembly line in April this year, significantly increasing iPhone production capacity. Such a large investment will increase Foxconn's headcount in India by 200,000.
Foreign ** overwhelmingly reported: Foxconn wants to shift from the production of chips to the production of mobile phones, and Foxconn wants to integrate India's manufacturing industry into a network, and it is estimated that only the only thing left is to build cars.
Is Foxconn's structure in India really viable?
Foxconn's position in the Indian market is very important and very extensive. By establishing a production base, R&D center and office in India, Foxconn can better meet the needs of the local market and enhance its global competitiveness. While the Indian market has cheap labor and seemingly good policies, the problem is that India's business environment is notoriously bad.
Foxconn knows that there are tigers in the mountains and prefer tigers, so can the layout of the Indian market really succeed?
I'm afraid it's going to be difficult. Foxconn faces a number of challenges in India. One of the challenges could be recruiting and training skilled workers. In addition, cost is also a factor, including the cost of labor, land, and plant. India's political and regulatory environment has an impact on the business activities of foreign companies.
Foxconn must comply with local laws and regulations regarding labor, the environment, and intellectual property. In addition, the policies and restrictions imposed on foreign companies may also have an impact on Foxconn's development in the Indian market.
It's not that Foxconn says it can comply, there are many foreign companies doing business in India and strictly abiding by the laws and regulations of the Indian market. As a result, India is still targeted, both tax evasion and money laundering, as long as India wants to attack foreign companies, it can find a reason.
Foxconn is determined to enter the troubled waters of the Indian market, so be prepared to cross the bridge.
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