Foxconn vows $2bn for manufacturing plants in India

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Foxconn could remove some investment from China to place in India, where it is set to open manufacturing plants ? to make some 400m mobile handsets. CEO Terry Gou met Indian Prime Minster Narendra Modi to help settle the deal, which should see Foxconn invest some $2bn into India over the next five years.

While about half of the products from the 10 to 12 manufacturing plants will be for the domestic market, Foxconn also expects to export from there to ...