The head and managing director of Foxconn India, Josh Foulger, said that India hopes to increase the output value of the electronics manufacturing industry to US$400 billion by 2025, which will prompt the company to vigorously increase local product design and manufacturing.

Folg said that this growth will be largely driven by increased exports and domestic consumption. Before the outbreak of the new crown pneumonia epidemic, India approved the so-called "National Policy of Electronics", which aims to strongly support the development of the local electronic system design and manufacturing industry.

Folg said: "We will see more and more local design, people really focus on product-oriented integrated design work, there will be large and medium-sized companies, there will also be start-up companies involved. We will also focus on multi-level supply chain This will be promoted by the government and large and medium-sized enterprises.” He also said that India has “advantages” in terms of talents and costs.

Folg said: "The growth of the electronics industry from 70 billion to 400 billion US dollars will come from the increase in exports and domestic consumption, as well as the development of domestic manufacturing. Therefore, we believe that it is very important to actively solve this problem."

Driven by the "Made in India" initiative, India has made good progress in mobile phone manufacturing. Folg said that there are many areas in India that have not received enough attention, such as computer hardware, which are areas with huge room for growth. (Little)

Source: NetEase Technology Report, translated by Google Translate