Foxconn backs India's role in electronics manufacturing

India could build manufacturing ecosystem faster than China, says chairman Young Liu

- Gulveen Aulakh

Foxconn Technology Group chairman Young Liu has backed India as an important country for the future of manufacturing, saying that the opportunities for the development of electronics manufacturing and industrial chains were huge.

Speaking to reporters at an event in Taipei, Liu said India could build the ecosystem faster than China—which took 30 years—on the back of experience and new technologies such as artificial intelligence (AI).

“Some of India’s developments over the past few years, everyone can see that. The time has about come for India’s turn to start to fully develop as a country. If there’s no big change, India will be a very important country in terms of manufacturing in the future," the chairman said.