FoxconnAs an enterprise that has been deeply cultivated in mainland China for decades, its employee scale has reached the million level. Recently, however, people have noticedFoxconnIt seems to have focused on the Indian market and increased its focus on the Indian marketInvestmentsVigour. A series of moves seem to show thatFoxconnIndia is being seen as the "second largest home". Does this meanFoxconnDo you really want to leave the mainland?
So, at a critical moment,FoxconnA surprising piece of news:FoxconnAnnounced that it will no longer build a factory in India. This important decision has attracted the attention of foreign media and praisedFoxconnFounderTerry GouA clever move.
However,FoxconnThere is no intention of abandoning the mainland market. On the contrary, they are continuing to increase their layout in the mainland market. In order to strengthen its influence in the mainland market,FoxconnAnnounced the establishment of a new energy company in ZhengzhouCarsThe registered capital of the company reached 500 million yuan. At the same time,FoxconnThere are also plans to expand the plant in Hengyang for productioniphone mobile phone components. These moves show thatFoxconnThe emphasis on the mainland market has not changed.
Although it was announced that it would no longer build a factory in India, butFoxconnThe Indian market has not been completely abandoned. According to reports,FoxconnIt is planned to cooperate with the Indian company HCL in IndiaInvestments$47.2 million to establish a joint venture factory, mainly engaged in:SemiconductorsPackaging and testing business. This move shows:FoxconnIt is not easy to give up the development opportunities in the Indian market.
Terry Gou's decision-making was praised by foreign media as "cunning". FoxconnNot only to maintain the continuation of the mainland marketInvestments, while also taking into account the development of the Indian market. This indicatesTerry GouI hope to grasp the opportunities of both markets, and I am not willing to lose either.
FoxconnThe reason why the mainland market attaches so much importance is because the mainland market is very interested inFoxconnThe development of the country is crucial. Without the support of the mainland market,FoxconnIt would not be where it is today. However,FoxconnThe founderTerry GouIt does not seem to regard the mainland market as a treasure, and even said that the factory was built on the mainland only to give the mainlanders food, and claimed that they could leave at any time if they were threatened.
However,Foxconnof the continentInvestmentsThe plan clearly shows that they are deeply aware of the importance of the mainland market. Establishment of new energyCarsThe company and the expansion of the factory are all aimed at further consolidating its position in the mainland market. FoxconnThe frequent actions in the mainland market also show that they have no intention of giving up the mainland market easily.
FoxconnThe layout in the mainland market is constantly evolving, but at the same time, it is also facing some challenges. InFoxconnDeclared continentalInvestmentsAfter the plan, they also increased their presence in the Indian market in IndiaInvestments。However, trying to succeed in both markets is not easyFoxconnThere are many challenges to overcome.
First of all,FoxconnIt is important to pay attention to the competition in both markets. Whether on the mainland or in India, there are many competitors eager to fillFoxconnLeave the market vacant after leaving. FoxconnIt is necessary to maintain innovation ability and competitiveness in order to be invincible in the fierce market competition.
Secondly,FoxconnTax issues need to be addressed. Although for nowFoxconnIn the mainland market, he was only fined 20,000 yuan, but this also showsFoxconnThere are problems when it comes to taxation. IfFoxconnTo succeed in both markets, they need to operate compliantly, comply with local laws and regulations, and avoid similar problems.
In short,FoxconnThe decision shows the importance they attach to the mainland market and shows that they are not willing to give up on the Indian market easily. FoxconnHope to succeed in both markets, but they need to face various challenges and difficulties. How to balance the development between the two markets and maintain good tax compliance and market competitiveness, these are:FoxconnProblems that need to be thought about and solved. After all, it is only possible to make a comprehensive consideration of various factors and make an informed decisionFoxconnLong-term success in both markets.