India will be very important country in terms of manufacturing in future: Foxconn Chairman Young Liu
India will be an important country in terms of manufacturing in future, Young Liu, Chairman and CEO of Hon Hai Technology Group (Foxconn) has said, his latest comment adding to a growing chorus of global voices acknowledging the country's bold moves to position itself as electronics and hi-tech production powerhouse.
In an interaction with reporters in Taipei, the top honcho of the Taiwanese electronics manufacturing giant said the development of the entire ecosystem and industrial chain, and opportunities for development in India are «very, very huge opportunities».
«If there is no big change, India will be a very important country in terms of manufacturing in the future,» Liu said.
In the past, it took 30 years to build the entire supply chain ecosystem in China, he noted, adding that while it will take an «appropriate amount of time in India» and the process will be shorter given the experience.
The environment too is not quite the same, he said pointing to the advent of new technologies like AI and generative AI.
In July this year, while addressing SemiconIndia 2023, Foxconn had said it is optimistic about the direction of India's semiconductor roadmap and asserted that Taiwan is and will be India's most trusted and reliable partner.
«Let's do this together,» the top boss of Foxconn had said at that time.
Government sources noted that the Foxconn chief is backing PM's Make-in-India.
Liu has expressed that reforms and policies in India have created huge opportunities for the development of the entire electronics manufacturing ecosystem, the sources said citing the recent media briefing in Taipei where Liu spoke to reporters.
It is pertinent to mention that India is wooing global IT and electronics players with policy
