New Delhi, Sept 8 (KNN) Foxconn has said that India is poised to achieve the manufacturing ecosystem build by China in a much faster pace. 

Comparing India's current trajectory to China's past, Young Liu, Chairman of Hon Hai Technology Group acknowledged that while it took more than three decades for China to build its manufacturing ecosystem, India is be there faster. 

Foxconn, formally recognised as Hon Hai, established its presence in India back in 2005, marking the beginning of its manufacturing journey within the country. 

The company holds a positive outlook on India's potential to evolve into a global manufacturing hub.

"From the developments in India over the last few years, everyone can see that India’s turn has come to fully develop as a country. India will be a very important country for manufacturing in future," said Liu.

He cited India's existing experience and the evolving global landscape as factors contributing to this accelerated growth.

Additionally, the Times of India reported that, speaking to reporters in Taipei on Wednesday, Liu said that Foxconn will expand its operations in India as business grows on higher consumer purchases. 

"Foxconn continues to expand its presence in India in response to customer needs," the chairman said in a statement in Taiwan.

Further, Liu said that Foxconn will have an EV factory in India very soon and added that the company has plans to build EV factories in Ohio and Thailand.   (KNN Bureau)