In a LinkedIn post congratulating Prime Minister Narendra Modi on his birthday, Foxconn India representative V Lee promised to double the company’s employment, FDI and business size in India in time for his next birthday.
While doubling its business revenues may be a tall order, the first two goals are well within the realms of the possible.
In a recent analyst call, Foxconn divulged for the first time that its Indian business has already hit $10 billion.
The group operates in India through two major companies: Hon Hai Precision which exclusively assembles phones for Apple and Bharat FIH which makes a range of