Fri, Jan 15, 2016 - Page 13 News List

Hon Hai eyeing India expansion, reports say

GLOBAL AMBITIONS:Hon Hai’s expansion proposals are in line with the Indian government’s ‘Make in India’ and ‘Digital India’ campaigns, local media reported

Staff writer, with CNA

Hon Hai Precision Industry Co (鴻海), the world’s largest contract electronics maker, is planning to expand its production facilities in India in the next six months in a bid to turn its production base into a global hub, Indian media reported yesterday.

The Hindustan Times said Hon Hai is looking to extend its presence in India to new states.

Hon Hai operates facilities in Sri City in Andhra Pradesh, Sriperumbudur in Tamil Nadu and Navi Mumbai in Maharashtra. It is also in the process of setting up a new plant in Maharashtra.

Indian media reported that Hon Hai has teamed up with Chinese smartphone brands such as OnePlus, Gionee, Xiaomi and OPPO, as well as Japan’s Sony Corp and Asustek Computer Inc (華碩), to produce devices at its Indian production bases.

“We are looking at expanding our presence to a few more states in the next few months, probably in a couple of quarters,” Foxconn Technology Group (富士康) India country head and managing director Josh Foulger said on the sidelines of the China-India Mobile Phone and Component Manufacturing Summit.

Hon Hai is known as Foxconn outside of Taiwan.

“The chairman [Terry Gou, 郭台銘] has made a commitment to [Indian] Prime Minister Narendra Modi to strengthen ‘Make in India.’ Within six months of that commitment, our facilities are in place and we are employing about 6,000 people. Investment is no constraint,” Foulger said.

The Times of India said that Hon Hai’s expansion plans are in line with the Indian government’s “Make in India” and “Digital India” ambitions.

The Times quoted Foulger as saying that Hon Hai’s investments would focus on the production of a wide range of electronic gadgets, such as notebook computers, tablet computers, digital set-top boxes and other devices related to the Internet of Things.

Foulger said that Hon Hai is gearing up to set up an electronic component supply chain in India and that his group is looking at the possibility of establishing a common manufacturing architecture for other products.

The Hon Hai executive said that the company is expected to create 25,000 to 30,000 jobs in India over the next 12 months after its new investments.

Last year, Hon Hai laid out a plan to set up 10 to 12 plants in India by 2020. In addition to contract electronics, the Taiwanese company is looking to set up e-commerce ventures and to develop sources of renewable energy in India.

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