Foxconn invested 1 billion RMB to return to China, and India’s “manufacturing dream” was shattered!

#china #chinanews #india #manufacturing #foxconn In the past few years, we can see that many large manufacturing companies have gradually transferred their production bases from China to Southeast Asian countries such as Vietnam or India. As the world’s largest electronics foundry, Foxconn has not been able to stay out of it. It has also moved part of its industrial chain to India. But over time, Foxconn’s investment in India seems to have encountered many difficulties, and the situation has finally reversed dramatically. In July 2024, Foxconn Technology Group announced that it would invest 1 billion yuan to rebuild a new headquarters building in China. Even big customers like Apple have moved some of the industrial chains that were previously moved to India back to China. This shift has undoubtedly brought unprecedented challenges to India’s proud “Make in India“ plan. What exactly is the problem that makes Foxconn struggle so much in India? What is the reason that prompted it to decide to return to the Chinese market? We will discuss these issues in detail next. ********************************************************* This Is A Channel That Discusses China’s Strategy And The Rise Of Asia. We Will Provide An In-Depth Analysis Of The Development Trends In Asia And The Impact Of China’s Rise In This New Era. Subscribe To My Channel Now And Learn More About The Latest Developments In China’s Strategy, Geopolitics, And Economic Rise. ********************************************************* DISCLAIMER: Our channel is purely made for Information purposes, based on facts, rumors, and fiction. ********************************************************* MUSIC: StoryBlocks/Audio Library 🎥FOOTAGE licensed through StoryBlocks and Filmpac. ********************************************************* Copyright Disclaimer under section 107 of the Copyright Act 1976, allowance is made for “fair use” for purposes such as criticism, comment, news reporting, teaching, scholarship, education, and research. Fair use is a use permitted by copyright statutes that might otherwise be infringing.