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Foxconn to Hire 1 Million People in India by 2020

posted by janrinok on Tuesday July 14 2015, @11:43AM   Printer-friendly
from the outsourcing-the-outsourcers dept.

n1 writes:

El Reg reports:

Apple manufacturer Foxconn reckons it will create one million jobs in India by 2020 – nearly the entire number of its current Chinese workforce – according to reports.

Hon Hai otherwise known in the West as Foxconn, last month revealed it was setting its sights on India due to increasing wage costs in China.

The firm has not released any more details or elaborated on what the plans will mean for its Chinese manufacturing base. However, it does appear to be slowly fleshing out a relocation move.

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  • (Score: 2, Interesting) by DECbot on Wednesday July 15 2015, @12:03AM

    by DECbot (832) on Wednesday July 15 2015, @12:03AM (#209145) Journal

    I think the point khallow was trying to make is that the market for Foxconn's products is expanding. Instead of increasing production in Far East
    Asia, Foxconn is investing in manufacturing capacity in the new Indian market. It would not surprise me if the major products produced in India are cheap Android cell phones to be sold in India.

    European and Japanese car manufacturers have done the same here in the US. If a certian model acheives enough popularity in the US, it becomes cheaper to build the car here (sub-assemblies in US/MEX/CAN & final assembly in US) than to import it from across the ocean.

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  • (Score: 2) by aristarchus on Wednesday July 15 2015, @06:38AM

    by aristarchus (2645) on Wednesday July 15 2015, @06:38AM (#209236) Journal

    I think the point khallow was trying to make|

    OMG. you think khallow was trying to make a point? When the pointlessness of his point was pointed out in the first post? I am at a loss for words, and may be forced to resort to alliteration. Market mayhem muddles metriculous mendacity. Best I can do on short notice.