‘Banging down the door’: Why business is turning to India
The shift to India has been underway for years, but a cocktail of geopolitics and Indian manufacturing mean the elephant might be gearing up to take on the dragon.
Apple’s main chip manufacturer Foxconn has spent the past few months shaking hands with every Indian state premier the Taiwanese company can find.
When a key customer such as Apple asks to shift another 25 per cent of its iPhone production out of China and into India, Foxconn responded with $US700 million to make that happen.
Jessica SierNorth Asia correspondentJessica Sier is the North Asia Correspondent for The Australian Financial Review. She is based in Tokyo, Japan. Jessica has previously written on technology, global capital markets and economics. Connect with Jessica on Twitter. Email Jessica at jessica.sier@afr.com
