India has to play catch-up
Although India has been on US manufacturer’s radar for many years, India has growing pains to meet manufacturing production support demands and therefore their confidence. India’s completely unhinged economic development ecosystem and political instability can’t compete with China’s 10% year over year economic and technological growth as well as cheap labor. Last year, Samsung opened in India, what Samsung claimed is the world’s largest mobile phone plant in order to meet the global phone demand.
In January of this year, Apple moved some of its iPhone assembly from Foxconn China to Foxconn India. Hon Hai Precision Industry Co., Ltd., better known as Foxconn, known for its ill treatment of its workers and stated to be the world’s largest multinational electronics manufacturing company that has its headquarters in Taiwan. Foxconn’s customer list includes Amazon, Apple, Blackberry, Nokia and Sony just to name a few. Samsung does its own manufacturing as well as some of Apple’s and has reported making more money from its manufacturing for Apple over its own Samsung mobile phones. The view is “If US manufacturers help build it the growth and benefits will come.”