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in 2014, the indian government launched the "make in india" campaign, attempting to attract foreign investment and factory construction through various policy incentives to reduce its dependence on chinese manufacturing. foxconn also began to seek new development opportunities in india, targeting the indian mobile phone market.
however, the indian market is not an easy road. from the abolition of high-denomination banknotes in 2016 to apple's plan to transfer part of the iphone production to india, to foxconn's increasing investment in india, all of this shows foxconn's firm determination to the indian market. but the reality is often different from expectations.
on the one hand, the indian market is highly competitive, the market size is limited, and the rise of local brands has brought new challenges to foxconn. on the other hand, changes in indian government policies and the lack of sound industrial infrastructure in some areas have also increased foxconn's investment and development costs.
despite this, foxconn is still firmly pursuing its dream of the indian market. they hope to achieve the goal of "made in india" by building factories in india, expanding production capacity, and working closely with apple. however, these goals are still far away and need to overcome many difficulties to achieve.
opportunities and challenges in india
as an emerging market, india has huge development potential. its economy is growing rapidly, its population is huge, and it has a young labor force. all of this has attracted the attention of many companies, including foxconn.
however, the indian market is not without challenges. on the one hand, india's socio-economic development is relatively backward, and infrastructure construction is limited. on the other hand, frequent changes in government policies have also brought some uncertainty. these factors have a certain impact on foxconn's investment and development.
future outlook
the indian market is still a field full of opportunities and challenges. foxconn hopes to achieve the goal of "made in india" by building factories in india, expanding production capacity, and working closely with apple. however, whether it can overcome difficulties and realize the dream requires time and effort to verify.
