Foxconn, Quanta consider manufacturing in India
Foxconn talking to Softbank. Mobiles, including iPhones and Apple Watches, initially on radar for make-in-India
Foxconn and Auanta, two leading contract manufacturers, are currently considering the set-up of manufacturing plants in India - initially for mobile phones and other electronic gadgets.
Foxconn, the contract manufacturer for Apple Inc.’s iPhones and iPads, is currently looking for locations for setting up its manufacturing plant
SoftBank Corp. chairman Masayoshi Son said the company is in talks with Foxconn Technology Group for making mobile phones and other electronic gadgets in India.
“We are currently discussing with Foxconn on how we can be part of it,” Son told reporters in New Delhi, adding that an announcement on the partnership will likely be made soon.
This venture will be led by Foxconn, with minority support from Softbank, Son said.
Earlier this month, Foxconn was revealed to be in talks with Government officials on manufacturing Apple's iPhone in India, in a move that could lower prices in the world's No.3 smartphone market where the US firm trails Samsung Electronics and local players.
Foxconn says it is considering at least 10 to 12 manufacturing facilities in India by 2020. India could help Foxconn mitigate accelerating wage inflation in China, where it makes the majority of iPhones, and base production sites closer to markets where its key clients want to grow.
Lower production costs could also help Foxconn keep hold of Apple orders amid intensifying competition with nimble manufacturing rivals such as Quanta Computer.
Quanta Computer Incorporated, which assembles Apple Watch units, might also set up a manufacturing plant in India. Quanta is the number one contract PC manufacturer in the world. Quanta’s Vice Chairman told Economic Times reporters that it is looking into the
feasibility of setting up a production plant in India.
Both companies are assessing if material supplies can be gathered conveniently, transportation will be smooth, and access to ports is not a problem.
From Economic Times, Livemint