NEW DELHI: The World’s largest contract manufacturer Foxconn has decided to manufacture the Chinese brand Xiaomi phones in Andhra Pradesh. The manufacturing company has decided to set up a plant in the old building of Pepsi, in the Sri city of Andhra Pradesh.
Foxconn has started working on the site and will soon start full scale manufacturing of the mobile phones in the new unit. Though the unit wont be too big, it is enough to roll out a 10,000 gadgets per day.
Though Foxconn has closed its three manufacturing units in Tamilnadu, with its last being in February, the company said that it has long term ambitions on the Indian Markets. Foxconn has been in talks with the state governments of Uttar Pradesh, Andhra Pradesh, Maharashtra, Telangana and Karnataka over setting up 10-12 factories through out India. According to the sources, Foxconn will invest $2 billion over the next five years, employing 10,000 people in each of the units.
The China head-quartered company which provides its production services to top brands including Microsoft and Apple is aiming to manufacture set-top boxes, printers, routers, Televisions and other electronics in Indian units.
A representative from Foxconn said that the manufacturing of iphones in India could take a couple of years, as the gadgets need high investments and a larger supplier base. The latest moves by the Foxconn indicates that the MNC has made India as its top priority after China, to manufacture its goods, The Times of India reports.