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Foxconn says looking at long-term investments in India

Foxconn, the trade name for Hon Hai Precision Industry, will invest in India as it builds a supply chain in the country, in a move that may help the country's efforts to build a technology manufacturing base. 

PHOTO: REUTERS

AUG 5, 20157:09 AM

[NEW DELHI] Foxconn, the trade name for Hon Hai Precision Industry, will invest in India as it builds a supply chain in the country, in a move that may help the country's efforts to build a technology manufacturing base.

Taiwan-based Foxconn is the world's largest contract maker of electronic products and counts Apple, Blackberry , Xiaomi and Amazon among clients.

Founder and chairman said Terry Gou said on Tuesday he was looking at India with a more than ten years timeframe in mind, but had not firmed up investment figures yet.

Mr Gou told Reuters in May he aims to develop 10-12 facilities in India, including factories and data centres, by 2020.

REUTERS