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V.Balasubramani
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India's turn to become 'factory of the world': Chinese media
Plans by China's phone maker Xiaomi and Taiwan's Foxconn to invest in India point to strong movement of Chinese firms to cash on growing Indian market
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BEIJING: It is now India's turn to emerge as the "factory of the world", according to an article in Chinese official media, citing the economic downturn in China forcing companies to turn to India for manufacturing.
Plans by China's phone maker Xiaomi and Taiwan's Foxconn to invest in India point to strong movement of Chinese firms to cash on growing Indian market.
Xiaomi Corp. launched its first made-in-India handset a week ago while its Redmi 2 Prime is being assembled by Taiwanese contract manufacturer Foxconn which has signed an agreement worth $5 billion to expand its R&D facilities in India, the article in Global Times said.
Read more at:
http://economictimes.indiatimes.com...ofinterest&utm_medium=text&utm_campaign=cppst
Plans by China's phone maker Xiaomi and Taiwan's Foxconn to invest in India point to strong movement of Chinese firms to cash on growing Indian market
--------------------------------------------------------------------------------------------------------------------------------------------
BEIJING: It is now India's turn to emerge as the "factory of the world", according to an article in Chinese official media, citing the economic downturn in China forcing companies to turn to India for manufacturing.
Plans by China's phone maker Xiaomi and Taiwan's Foxconn to invest in India point to strong movement of Chinese firms to cash on growing Indian market.
Xiaomi Corp. launched its first made-in-India handset a week ago while its Redmi 2 Prime is being assembled by Taiwanese contract manufacturer Foxconn which has signed an agreement worth $5 billion to expand its R&D facilities in India, the article in Global Times said.
Read more at:
http://economictimes.indiatimes.com...ofinterest&utm_medium=text&utm_campaign=cppst
