Hon Hai to double India investment and employment

Apple Inc partner Hon Hai Precision Industry Co (鴻海精密), known internationally as Foxconn Technology Group (富士康科技集團), plans to double its investment and employment in India, highlighting an accelerating manufacturing shift away from China as tensions grow between Washington and Beijing.

V. Lee (李嘉恩), a Foxconn representative in India, said in a LinkedIn post on Sunday that the Taiwanese company plans to double the size of its business in the South Asian country, as he congratulated Indian Prime Minister Narendra Modi with his birthday. He did not give details.

“We will work even harder to present you with a greater birthday gift next year, aiming for another doubling of employment, FDI, and business size in India,” Lee wrote.

SOURCE: Taipei Times

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