Foxconn to invest $5B to set up first of up to 12 factories in India

As part of its plan to set up to 12 manufacturing facilities in India by 2020, contract manufacturer Foxconn Technology Group is investing US$5 billion in a factory and other facilities in the western Indian state of Maharashtra. The Indian government has been coaxing foreign companies, including smartphone makers, to set up manufacturing units in India under its "Make in India" program. A number of smartphone makers are planning to make the devices in the country, with Chinese maker Xiaomi expe...