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Foxconn to build 1,500-acre, US$5billion complex in India

Why do we need Foxcon, which is Taiwanese. China would never allow it. China is investing far more than you can imagine.

CHina is not investing in R & D. They are investing in roads and infrastructure connecting from Gwadar to china. They will use the facility at your cost. They were supposed to invest in power sector as per MOU couple of years ago. They have shown you the middle finger and not a single USD investment have come in out of 36 BN USD. You can get happy with hearing announcement only.
 
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CHina is not investing in R & D. They are investing in roads and infrastructure connecting from Gwadar to china. They will use the facility at your cost. They were supposed to invest in power sector as per MOU couple of years ago. They have shown you the middle finger and not a single USD investment have come in out of 36 BN USD. You can get happy with hearing announcement only.

What rubbish, all projects are going according to plan.
 
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What rubbish, all projects are going according to plan.

Good opportunity for chinese as they can dump coal project machinery to pakistan, as chinese are going to get rid all coal based project in 2030 in their own country.Money for chinese,pollution for pakistani's.More job for chinese and every major infrastructure projects in pakistan will be dictated by china and you can't open your mouth.Big loss for your local industry as they will not win any more major tenders.Chinese will bring most of its labour's and most pakistani labours will look upon sky....
 
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What rubbish, all projects are going according to plan.

Show me where is the that 36 BN USD investment ? They have asked for 3rd party guarantee which nobody is ready to pay. They have asked for money to be deposited in an escrow account.
 
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Why do we need Foxcon, which is Taiwanese. China would never allow it. China is investing far more than you can imagine.

Ever wondered what Pak is giving in return other than itself ?

India is providing a skill base - something that will remain & increase much more than any investment can be.
 
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Maharashtra offers land for R&D, manufacturing facilities
10 Aug 2015 at 04:58, Simon Sharwood
Foxconn and the Indian state of Maharashtra have announced a relationship that will see the contract manufacturing company spend up to US$5 billion on a colossal manufacturing complex.

In a deal announced on Saturday by Maharashtra chief minister Devendra Fadnavis and Foxconn (known as Hon Hai in its Taiwan home ) founder and chairman of Terry Gou, it was revealed that the state will provide 1,500 acres of land for Foxconn to use. Facilities will be constructed over five years and are expected to include research and development facilities as well as factories.

India was chosen for an R&D role because of the skills of local workers, but the move to India is motivated by other factors too. One is undoubtedly the “Make in India” policy India's government is using to lure manufacturers to the nation and to improve local manufacturing practices. Make in India is both an economic development policy and a way for India to point out that there are easy ways to access its growing domestic market.

Wage growth in China may be another factor in Foxconn's thinking, as may China's increasing preference for joint ventures on its soil. Beijing's military posturing in the South China Sea also has diplomatic types pondering the wisdom of having all one's manufacturing eggs in a Middle Kingdom basket. Indian facilities may be a few more sea-days from the USA, but aren't horribly out of the way.

Foxconn says it should be up and running in Maharashtra within five years and will create 50,000 jobs in the region. ®
Foxconn to build 1,500-acre, US$5billion complex in India • The Register

This was going to happen
 
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