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August 10, 2015 12:00 pm

Chinese Tech Companies Building Factories In India

jfruh writes: Over the past two decades, China's relatively high skill, low cost workforce made the country a powerhouse of tech and electronics manufacturing. But in a sign that things might be changing, several large Chinese companies, including Foxconn and Huawei, are investing billions to start manufacturing in India. Xiaomi is expected to announce its first India-made phone today, as well. The article says that Foxconn's planned factory in Maharashtra "would create employment for at least 50,000 people, state chief minister Devendra Fadnavis said after the signing of the agreement at which Foxconn CEO Terry Gou was present."

Read more of this story at Slashdot.


Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/p_JkCmfv9EY/chinese-tech-companies-building-factories-in-india

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