Foxconn’s Liu sees improvements in India industrial environment

Chennai: Taiwan’s Foxconn will expand in India amid improvements in the overall industrial environment and an “upgrade in government efficiency,” chairman Young Liu said, underlining the South Asian nation’s growing importance for the world’s largest contract manufacturer amid tensions with China.

“We think India will play a very important role in the future. So, overall, I think our development in India, I see it actively heading in a positive direction–that is, it is going to get better and better,” Liu told investors and analysts during the company’s second-quarter earnings call last week.

He didn’t comment on any single product. “Overall, on India, our group’s development in India will be actively expanding,” Liu said, as per an edited earnings transcript.