Foxconn AP plant to start operations in Sept
Foxconn AP plant to start operations in Sept. Taiwanese multinational electronic manufacture, Foxconn Technology Group is expected to commence its...
First shipment is expected to be out by the same month, says InFocus Country Head
InFocus, a US pioneer in the visual communication market, and Foxconn, a leader in consumer electronics, have entered a strategic partnership to offer an array of innovative solutions to Indian consumers
Hyderabad: Taiwanese multinational electronic manufacture, Foxconn Technology Group is expected to commence its commercial operations in September from its Andhra Pradesh plant.
Responding to a question through e-mail, InFocus country Head, Sachin Thapar said, “The manufacturing unit which is being set up in Andhra Pradesh with Foxconn towards Make in India initiative, will start production from September and will start shipping products in the same month.”
InFocus, a US pioneer in the visual communication market, and Foxconn, a leader in consumer electronics, have entered a strategic partnership to offer an array of innovative solutions to Indian consumers.
InFocus is expected to market smartphones produced in Foxconn factory in Andhra Pradesh from September, he adds. Recently, InFocus has launched a portfolio of products including smartphones, tablets and LED TVs for Indian market.
Thaper further said, “We aim to be $1 billion company in India by 2016.” As the smartphones contributes 70 per cent of total business of the company while remaining comes from television and other devices.
It has introduced – 4 smortphones M812, M808, M550-3D & M370, 7 UHD & FHD/HD LED TVs ranging in size from 70” to 24”, a 2-in-1 tablet and 3 feature phone models – for Indian market.
According to industry sources, Foxconn is targeting an investment of over $2 billion in the next 5 years to set up manufacturing units under ‘Make in India’ programme. The company is already engaged in the market through ecommerce players.
Interestingly, the Taiwanese manufacturer is looking for local partners. Adani group has already intimated to exchanges that its flagship company is in contact with Foxconn to form a manufacturing JV. Industry sources say, it talks get fructify, the proposed plan may come up in Adani’s SEZ in Mundra, where the duo may even set up a data centre.
Foxconn Chairman Terry Gou, who was on a three-day visit to India meet up with Prime Minister Narendra Modi and Telecom Minister Ravi Shankar Prasad expressed his vision to establish a complete ecosystem ranging from software and hardware using ancillary route, thus developing India as a base for manufacturing and exports.
By KVVV Charya