ENA Global 2023-09-08 14:08:51 <p><span style="font-size:14px"><strong>New Delhi, Sept 8 (KNN)</strong> Foxconn has said that India is poised to achieve the manufacturing ecosystem build by China in a much faster pace. </span></p> <p><span style="font-size:14px">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. </span></p> <p><span style="font-size:14px"><strong><a href="https://bit.ly/3B9mZSj"><img alt="FOLLOW US on GOOGLE NEWS" src="https://knnindia.co.in//uploads/gallery/GoogleNews.jpg" style="border-style:solid; border-width:1px; height:95px; margin:1px; width:299px" /></a></strong></span></p> <p><span style="font-size:14px">Foxconn, formally recognised as Hon Hai, established its presence in India back in 2005, marking the beginning of its manufacturing journey within the country. </span></p> <p><span style="font-size:14px">The company holds a positive outlook on India's potential to evolve into a global manufacturing hub.</span></p> <p><span style="font-size:14px"> From the developments in India over the last few years, everyone can see that Indias turn has come to fully develop as a country. India will be a very important country for manufacturing in future, said Liu.</span></p> <p><span style="font-size:14px">He cited India's existing experience and the evolving global landscape as factors contributing to this accelerated growth.</span></p> <p><span style="font-size:14px">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. </span></p> <p><span style="font-size:14px"> Foxconn continues to expand its presence in India in response to customer needs, the chairman said in a statement in Taiwan.</span></p> <p><span style="font-size:14px">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. <em><strong>(KNN Bureau)</strong></em></span></p> 34712 https://knnindia.co.in/news/newsdetails/global/foxconn-expects-india-to-build-manufacturing-ecosystem-faster-than-china 2023-09-08 14:08:51 knnindia.co.in