Foxconn, the prime contractor for Apple Iphones announced its return to China, investing a billion yuan for its HQ, R & C center, and EV vehicles. Why did Fox Conn and Apple return to China after deciding that the land of Promise was India.
Well, Fox conn did not find the stability and reliability in India which it could in China:
2. Quality
3. Bureaucracy
Despite political speeches welcoming the investment Foxconn found itself mired in bureaucracy with imports of raw materials sleeping in Custom Warehouses for days. Shifting policies and regulations
Parts did not arrive on time delayed by days or weeks spelling losses for Fox Conn. In China it took only hours.
Furthermore the Indian workers low on learning curve, had outputs of only 50% functional vs China of more than 90%. China had decades of building its capability and skills of workers. So back to China despite occasional hiccups and higher wages. Good news for China and bad for India.
China is still the manufacturing center of the world and shows its prowess in making electronic products, EVs, heavy equipment, and even airplanes
China has taken provocative actions vs our country PHL but we have to accept these truths
