By: Ho Horn-ru and Frances Huang
New Delhi, Aug. 5 (CNA) Taiwan-based Hon Hai Precision Industry Co. (鴻海), the world’s largest contract electronics maker, announced Tuesday evening a 10-year investment plan in India.
In a news conference held during his visit to New Delhi, Terry Gou (郭台銘), chairman of Hon Hai, which is also known as Foxconn Technology Group (富士康) outside Taiwan, said that the future investments in the South Asian country will not be limited to product assembly.
Instead, Gou said that Hon Hai is expected to bring a supply chain to India in an effort to carry out a long-term strategic investment project in the country.
It was the second visit for Gou to India in one month. Market analysts said that the frequent visits to India by Gou showed that Hon Hai has placed much attention on the populous nation in South Asia, and has hopes to penetrate the huge market by building a massive production base. [FULL STORY]