Foxconn to suspend India operations from December 24

[Tresbon]

Foxconn, the Taiwan-based contract manufacturer of mobile phone parts, will suspend its operations at the facility near Chennai from December 24.

"The action also related to a restructuring being carried out of our India operations that is designed to ensure that we are able to meet both the current and future needs of our customers in that important market," the company said in a statement on Friday.

Noting that about 1,700 employees would be affected by the move, the company said it was working with the government and the relevant labour unions to ensure all relevant laws and regulations are followed and the move by FIH India Pvt Ltd to close operations at the facility is fair.

"The action was being taken due to a change in the Chennai facility customer base and a related change in the manufacturing requirements of our customers in India," Foxconn said.

The company also said new investments in the country would be announced once decisions are made and all the necessary approvals are received.

"We will continue to consider investments in manufacturing operations in India when they make sense commercially and when they are consistent with the needs of our customers," Foxconn said.

 

[mike2000]

They will surely move to Vietnam or South east Asia who have better FDI/invesntment friendly laws as its been the case for the past years now. India/South Asia, still missing the manufacturing bus yet again.

 

[Echo_419]

They will surely move to Vietnam or South east Asia who have better FDI/invesntment friendly laws as its been the case for the past years now. India/South Asia, still missing the manufacturing bus yet again.

There are conflicting reports on that matter
With plans to invest $2 billion in India, iPhone maker Foxconn keen on Nokia's Chennai plant - The Economic Times on Mobile

.& regarding the manufacturing thing I would not comment so early on this many Laws are getting overhauled from taxes to labor to power & what not
By 2016-2017 we will have environment which will totally support manufacturing
& we might have some aces up our selves too
Like the Dedicated Frieght corridors
Google about them

 

[mike2000]

There are conflicting reports on that matter
With plans to invest $2 billion in India, iPhone maker Foxconn keen on Nokia's Chennai plant - The Economic Times on Mobile

.& regarding the manufacturing thing I would not comment so early on this many Laws are getting overhauled from taxes to labor to power & what not
By 2016-2017 we will have environment which will totally support manufacturing
& we might have some aces up our selves too
Like the Dedicated Frieght corridors
Google about them

Hopefully all these reforms will soon bear fruit for India. We will have to wait and see though.

 

[Echo_419]

Hopefully all these reforms will soon bear fruit for India. We will have to wait and see though.

Indeed we will have to wait & see

 

[conworldus]

Foxconn is a labor intensive company. India's labor culture and laws are not exactly in Foxconn's favor.

 

[Luca1]

Foxconn is a labor intensive company. India's labor culture and laws are not exactly in Foxconn's favor.

So Foxconn does not have a bragging culture?

 

[Jlaw]

So Foxconn does not have a bragging culture?

lol. No , Foxconn expect indians to work--and to work hard. that counter indian culture. It doesn't surprise me why China continues to attract foreign investment over democratic india.

 

[Judge]

Foxconn is a labor intensive company. India's labor culture and laws are not exactly in Foxconn's favor.

We have really bad labour laws.

 

[mike2000]

lol. No , Foxconn expect indians to work--and to work hard. that counter indian culture. It doesn't surprise me why China continues to attract foreign investment over democratic india.

Lool investors/businessmen, multinationals, capitalist countries (basically the whole world now.lol) don't give a shit about 'democracy' or whatever. Lool what we are all after is Return on Investment we can get from investing in a country. Democracy/freedom are all but laughable when talking about FDI to be honest. That's bullshit some naive people want to believe.lool we couldn't care less. You think we are still investing heavily in China (and now communist vietnam)because we love them? Lool Nope, simply because we have found out that China has a good supply chain, infrastructure, investment friendly laws, labour, manpower, constant electricity, market, demnd,power etc which favours our companies/multi nationals investments and provide them with a better return/profits on their business. So if India thinks because its a democracy we have to invest in their country instead of autocratic 'unfree/dictatorial' China then I'm afraid they will have to wait until judgement day.

 

[ChineseTiger1986]

Lool investors/businessmen, multinationals, capitalist countries (basically the whole world now.lol) don't give a shit about 'democracy' or whatever. Lool what we are all after is Return on Investment we can get from investing in a country. Democracy/freedom are all but laughable when talking about FDI to be honest. That's bullshit some naive people want to believe.lool we couldn't care less. You think we are still investing heavily in China (and now communist vietnam)because we love them? Lool Nope, simply because we have found out that China has a good supply chain, infrastructure, investment friendly laws, labour, manpower, constant electricity, market, demnd,power etc which favours our companies/multi nationals investments and provide them with a better return/profits on their business. So if India thinks because its a democracy we have to invest in their country instead of autocratic 'unfree/dictatorial' China then I'm afraid they will have to wait until judgement day.

In fact, Vietnam also has nothing comparable to China, just look how they have burned even the German factory over an oil rig.

This country is unstable and doesn't have the infrastructure and manpower to handle China's job.

However, most Viet members are just as delusional as the Indian members, and they wanna you to give up China's market on their behalf.

 

[Mech]

Suicide nets in Foxconn dorms:

 

[ChineseTiger1986]

Lool investors/businessmen, multinationals, capitalist countries (basically the whole world now.lol) don't give a shit about 'democracy' or whatever. Lool what we are all after is Return on Investment we can get from investing in a country. Democracy/freedom are all but laughable when talking about FDI to be honest. That's bullshit some naive people want to believe.lool we couldn't care less. You think we are still investing heavily in China (and now communist vietnam)because we love them? Lool Nope, simply because we have found out that China has a good supply chain, infrastructure, investment friendly laws, labour, manpower, constant electricity, market, demnd,power etc which favours our companies/multi nationals investments and provide them with a better return/profits on their business. So if India thinks because its a democracy we have to invest in their country instead of autocratic 'unfree/dictatorial' China then I'm afraid they will have to wait until judgement day.

USA/Russia/China are clearly on the same league in term of the political perspective on the macro scale, since we all know each other's mind very well.

Most lesser countries are very naive without a clearly global geopolitical perspective, they are often expecting something beyond their own capability.

The big three always tries to beat each other in a gambling game, but no way that we would pull out the gun at each other because it could end the humanity.

The big three are all mature and pragmatic nations, while even Japan was sometimes immature in comparison.

For example, they did expect the US to join a sanction war with them against China. However, the US isn't stupid to please them at the expense of their own economy.

China and Russia clearly won't expect to take a bullet for each other, and we are united just for a common goal, not for the true love.

Whereas Japan and many other lesser democratic countries often fantasize about the 'democratic love' from the US.

That's why only the mature nations like Russia and China are your true opponents.

 

[mike2000]

USA/Russia/China are clearly on the same league in term of the political perspective on the macro scale, since we all know each other's mind very well.

Most lesser countries are very naive without a clearly global geopolitical perspective, they are often expecting something beyond their own capability.

The big three always tries to beat each other in a gambling game, but no way that we would pull out the gun at each other because it could end the humanity.

The big three are all mature and pragmatic nations, while even Japan was sometimes immature in comparison.

For example, they did expect the US to join a sanction war with them against China. However, the US isn't stupid to please them at the expense of their own economy.

China and Russia clearly won't expect to take a bullet for each other, and we are united just for a common goal, not for the true love.

Whereas Japan and many other lesser democratic countries often fantasize about the 'democratic love' from the US.

That's why only the mature nations like Russia and China are your true opponents.

NOPE, though i agree with some of your comments, i have to diagree with Japan. Nippon is a mature country/power as well. Its not a lesser country at all, in fact its still more advanced than even China technologically/development wise overall. And you have to know that the average Japanese is still way way way more productive than the average Chinese(since despite Japan being almost 10 times less populated than China and having a far smaller landmass/having virtually no natural resources/based on a techtonic natural disater prone landscape, its still just over 50% china's economy, that in itself is a huge achievement). Though this is not such a bad news for China, since it means itstill has a large room for growth. So you cant put Japan in same league like othercsmaller countries, since Japan is not a small country(far from it), and they are not Naive as well. If they were naive they wont be trading with China more than any country on planet earth bar the U.S, and they wont be one of the largest investors in China despite all the rivalry/disputes you have with each other(much more than anything India can have against China), unlike India and China who despite sharing a large border with each other and being over 1billion strong each, their trade is still tiny/insignificant when compared to other major players in the region/world. So despite all this Japanese corporations/multinationals still invest heavily in China and do huge business with China, Your trade is increasing each year not decreasing my man, so some japanese politicians might be making sensational statements against china to other smaller countries in the region but they are still realistic and make such claims just for political and geo strategic gains, they still carry on with business as usual. If Japan was fantasizing about democratic love as you said, they will not be investing anything in Choina and will be investing heavilly in 'democratic' countries like India, Bengladesh, Sri Lanka, Nepal, Mongolia, african countries, etc etc. So you got the coutnry wrong my man. Japanese are very smart/realistic people, if not for the fact that they lost the second world war, then they will be a power to be reckon with worldwide and will have been much more involve in world affairs/conflicts/issues/having an independent forein policy and be a power in their own right/sphrere of influence just like Germany. Reason why you think they are a small/lesser country, they are not.

 

[SrNair]

USA/Russia/China are clearly on the same league in term of the political perspective on the macro scale, since we all know each other's mind very well.

Most lesser countries are very naive without a clearly global geopolitical perspective, they are often expecting something beyond their own capability.

The big three always tries to beat each other in a gambling game, but no way that we would pull out the gun at each other because it could end the humanity.

The big three are all mature and pragmatic nations, while even Japan was sometimes immature in comparison.

For example, they did expect the US to join a sanction war with them against China. However, the US isn't stupid to please them at the expense of their own economy.

China and Russia clearly won't expect to take a bullet for each other, and we are united just for a common goal, not for the true love.

Whereas Japan and many other lesser democratic countries often fantasize about the 'democratic love' from the US.

That's why only the mature nations like Russia and China are your true opponents.

US dominate entire world and several times powerful than China.USSR was the realplayer .Compared to them Russia is much vulnerable and needs support from nations like India or China.
Piling up of dollar reserves is not the power .But projecting oneself in to the globalstage is the real power .
In sense China is nowhere nearer to US.US has their own Super Power league.

And now Japan.Japan already proved what they can do by themselves and so of course brand 'Japan' is several times reputed than brand 'China'(I dont know whether China has such a level of brand ).