Foxconn invested 1 billion RMB to return to China, and India’s “manufacturing dream” was shattered!

#china #chinanews #india #manufacturing #foxconn

In the past few years, we can see that many large manufacturing companies have gradually transferred their production bases from China to Southeast Asian countries such as Vietnam or India.

As the world's largest electronics foundry, Foxconn has not been able to stay out of it. It has also moved part of its industrial chain to India. But over time, Foxconn's investment in India seems to have encountered many difficulties, and the situation has finally reversed dramatically.

In July 2024, Foxconn Technology Group announced that it would invest 1 billion yuan to rebuild a new headquarters building in China. Even big customers like Apple have moved some of the industrial chains that were previously moved to India back to China.

This shift has undoubtedly brought unprecedented challenges to India's proud "Make in India" plan. What exactly is the problem that makes Foxconn struggle so much in India? What is the reason that prompted it to decide to return to the Chinese market? We will discuss these issues in detail next.

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[ahkoy]

Foxcon eventually realised that the best skilled efficient workers are in China

[JohnJohn-rztn]

China is like you didn’t know how good you had it until you move to India

[ikhmalmal]

India problem is their worker talk many but work slower

[lawrencecheong]

Chinese saying, "You don"t know how good your first wife is, until your second wife arrives".

[ramaniroutray]

As an Indian I know how our people, society, politics and governance are never concerned about developnent. More pathetuc they don't even know what development is. A poor man is worried for surviving till the next morning. A middle class man is worried for maintaining his standard of living from worse. Rich are busy in how fast gather more money and leave this country. Politicians busy in fighting for the chair like street dogs..In such a scenario where whole system is corrupt and spineless there how can we expect investers come to India...

[joegoh]

Only reason Foxconn went to India is because of Apple coercion.

[cherubimcherubim]

As of January 2024, over 855 thousand companies were defunct or struck off in India. On the other hand, about 33 thousand companies were amalgamated or merged during same time period. The total number of closed companies in the country stood at about 924 thousand as of 2024.27 Mar 2024. The list of obstacles they face in India is equally long: “regulatory flip-flops, high tariff barriers, red tape, corruption, perplexing land policies, infrastructure issues and others tied to the ease of doing business, ”.

[michaelloong]

It is surprising that Foxconn had gathered many years of experience and hardship building a factory in China to assembly iPhone that it thinks it can just set up a factory in India one day and then the next day the factory can produce iPhone as easily as in China/ It is a pipe dream

[latiendaca]

Philippines - 2 gold medals.
Pakistan. - 1 gold medal.
India. - 0 gold medal.

[PomegranateChocolate]

I know that Foxconn will move back from India to China sooner or later, but I didn't know it would happen that quickly.

[Lsy-jm]

i think it could be market force. customers from east and west do not want to purchase made in india phone.

[stephenong]

Foxconn shouldn’t have gone to India in the first place. The person/ board who made the decision should be sacked. It makes no sense to me personally to go to India. Apart from its population of 1.4 billion it has nothing to offer. It’s not the quantity but the quality of the population that matters

[eskapadela]

One of the biggest problems, perhaps the biggest, for the production of electronic technology in India is the lack of qualified labor.
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[georgiebestmanutd]

The loser is Tim Cook, he thinks he can switch around between India & China at the snap of a finger w/out fully understanding the nitty gritty of manufacturing. Cook assumed all them Indian production workers had same mentality as them Bollywood engineers & programmers on H1B visas; WRONG !

[xwqi]

Cemetery of foreign enterprises. From 2014 to 2021, nearly 2800 foreign companies registered in India have closed their operations in India, including internationally renowned companies such as Google, Amazon, Nokia, Samsung, Ford, Coca Cola, PepsiCo, etc

[mem]

When any one considers Indian market potential...read the middle income group as 300 million...not as 1.4 billion. Also note 800 million live on a free food program.

[seanchang]

The US large corporations are facing the same challenges in India as well. Sooner or later, the U.S. government will recognize that the most dedicated and disciplined workforce is in China. Corporate CEOs there never have to contend with unions, strikes, or workers’ rights issues. It’s an impossible task for any presidential candidate to promise that they’ll bring business back and manufacture everything in the U.S.

[BBme]

Yeah made in India, later the companies forced to be owned by India too.

[brianliew]

Foxconn has a faceskin that's thicker than the Great Wall of China. 😂😂😂😂

[diounelomo]

Foxconn must to pay for their arrogance, he said that it was China that needed him and not the other way around, and that he was going to teach the Chinese government a lesson by investing in India and closing down these factories in China