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Apple supplier Foxconn to invest $1B in India, sources say

reuters.com

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Re: Apple supplier Foxconn to invest $1B in India, sources say

#51

Post by thewhitetulip »

Aperocky wrote: post #34
yalogin wrote: post #17

Foxconn is getting ahead of the curve here. They know its going to happen and so its better they do it and keep the client than letting others get in to the game. Indian consulting companies use the same strategy. They have offices all over the world and actively go to places where the wages are low and set up shop themselves.

Well didn't foxconn managed to get Trump to paddle a shovel in Wisconsin and then managed to do almost nothing for years? India shouldn't be happy until the billion dollar is actually invested instead of promised.

Yep. I've been hearing for YEARS that Tesla is starting a gigafactory here. Unless they build one and cars are manufactured in it, I'll not trust anything.

Google was supposedly going to invest in a telecon company. It also didn't happen in real life, just in newspapers.

Re: Apple supplier Foxconn to invest $1B in India, sources say

#52

Post by wow_no »

petre wrote: post #47
adventured wrote: post #29

Earlier quoted context omitted.

> Vietnam might he another alternative, but they are also a communist country, so the optics might not be better than China. It's already a booming manufacturing alternative center to China. It's also a center of booming tech manufacturing. Samsung has invested a huge amount of money into factories there. Their GDP has gone from $35 billion in 2003, to $261b in 2019. They've had one of the fastest growing economies f…

Which is kind of ironic after what the US has done to people in Vietnam. But it's similar to what happened in Japan, only Japan was under US occupation, while Vietnam was not.

Apparently Vietnamese really like Americans, I literally can not fathom why. Heard it from Viets too.

Time is weird.

Re: Apple supplier Foxconn to invest $1B in India, sources say

#53

Post by awakeasleep »

thewhitetulip wrote: post #50
ycombonator wrote: post #6

Earlier quoted context omitted.

A lot of CXOs are waiting for the Biden win and hoping for storm to pass so to speak.

I don't know much of American politics, but from the outside, Trump keeps talking about 'make America great again', so why are CXOs waiting for a Biden win?? I'm sorry if this is a dumb question. I just don't understand it.

Making American Great Again is a threat to the 'capitalist' class of America, who grow their wealth by avoiding the expense of employing Americans, using American resources, or materials.

Before everyone downvotes me- I'm not saying that Trump actually follows this agenda! I'm only sayin thats the style of rhetoric he uses in his campaign.

Re: Apple supplier Foxconn to invest $1B in India, sources say

#54

Post by quantummkv »

d3nj4l wrote: post #31
0xFFFE wrote: post #27

Earlier quoted context omitted.

It is appalling how despite the availability of information online, people still choose not to verify what they hear on the MSM. Here is the link to the Citizenship Amendment Act of 2019 on GOI website. It's only a 2 page document. http://egazette.nic.in/WriteReadData/2019/214646.pdf It was amended to accommodate persecuted minorities from *neighboring countries" of India. It has nothing to do with the Citizens of In…

This is blatant disinformation by omitting context. The CAA itself is discriminatory, since it does not apply to muslims, but in the context of the National Register of Citizens ( https://en.wikipedia.org/wiki/National_Register_of_Citizens ) it becomes even more sinister. The NRC requires people to prove their citizenship through documentation, which is very difficult for large parts of India's population, who might…

> This is blatant disinformation by omitting context. The CAA itself is discriminatory, since it does not apply to muslims

> The CAA makes it easier for non-Muslims to claim citizenship

You see, first of all it's not the Muslims that are literally fighting[1] for their[2] lives[3] and culture[4][5] from crazed zealots in countries around India. And unlike some other religions, the Hindus, Sikhs and Buddhists don't have any other country that they can call their homeland or can culturally identify with.

Second, it does not stop Muslims from applying. Their applications will be processes as usual. It only accelerates the process for the people in need. As is the duty of any democratic country.

And regarding the NRC, it's rumor mongering in it's purest form. There has been no official notification regarding when(if) it will be applied or how it will be applied. So just please stop with that like a responsible person.

[1] - https://timesofindia.indiatimes.com/city/amritsar/after-anot... [2] - https://twitter.com/ExmuslimsOrg/status/1280267912360665090 [3] - https://en.wikipedia.org/wiki/Kabul_gurdwara_attack [4] - https://www.timesnownews.com/international/article/your-head... [5] - https://en.wikipedia.org/wiki/Buddhas_of_Bamyan

Re: Apple supplier Foxconn to invest $1B in India, sources say

#55

Post by throay423432 »

pankajdoharey wrote: post #20
kodablah wrote: post #12

> With India’s labour cheaper compared with China, and the gradual expansion of its supplier base here, Apple will be able to use the country as an export hub While there are negatives, I appreciate how globalization of manufacturing helps lift poorer economies (albeit it slowly and not always agreeing with the politics of the newly-built middle classes). One might expect manufacturing in mid-Africa in two decades.

Actually I think, the most ideal countries to expand manufacturing to are African countries, they have some of the same advantages once china had. 1. Mineral Resources. 2. Cheap Labour. 3. High Density of Lanthanide and Actinide group minerals. China also has a fourth advantage which is a good mix of Production, Manufacturing and Electronics Engineers. Which Africa doesn't have. On the other hand India doesn't have t…

I understand it is 'understood' that India is typically placed higher than Africa in the hierarchy of countries, owing to the success of their emigres.

However, in reality, barring these colonial era 'Macaulay's children' (ala ICS officers who swore by the Queen} India and Africa actually have very similar development indicators.

Unless, India sorts out its colonized education system, which ultimately is geared more towards shipping labor off to other countries, and focuses on policy reforms to make industrialization sustainable without paying politicians hundreds of millions in bribes, there's actually a good chance that it'll fall behind Africa as well.

Re: Apple supplier Foxconn to invest $1B in India, sources say

#56

Post by petre »

ycombonator wrote: post #6
mchusma wrote: post #2

If I were anyone relying on China right now I would diversify to other countries as fast as possible. Everyone should ask: what if I get cut off tomorrow? And have a strategy for that.

A lot of CXOs are waiting for the Biden win and hoping for storm to pass so to speak.

As if Biden would magically solve all the issues with Xi's China. Too risk averse to deal with many regimes in SE Asia, these CXOs have put all their eggs in a single basket. Now the owner of that basket is abusing power and making demands.

Re: Apple supplier Foxconn to invest $1B in India, sources say

#57

Post by achow »

pankajdoharey wrote: post #20
kodablah wrote: post #12

> With India’s labour cheaper compared with China, and the gradual expansion of its supplier base here, Apple will be able to use the country as an export hub While there are negatives, I appreciate how globalization of manufacturing helps lift poorer economies (albeit it slowly and not always agreeing with the politics of the newly-built middle classes). One might expect manufacturing in mid-Africa in two decades.

Actually I think, the most ideal countries to expand manufacturing to are African countries, they have some of the same advantages once china had. 1. Mineral Resources. 2. Cheap Labour. 3. High Density of Lanthanide and Actinide group minerals. China also has a fourth advantage which is a good mix of Production, Manufacturing and Electronics Engineers. Which Africa doesn't have. On the other hand India doesn't have t…

The main issue anywhere is the foresight and tenacity of the political (ruling) class. They have to do things which are long term by cutting back on short term and populist decisions.

That is one thing that is holding even India back. In democratic setup it is very difficult to take a long term view particularly when that comes with short term pain - the govt would be out in next election.

Africa should learn both from countries like China, Singapore and also from countries like India.

Otherwise I do agree that Africa is well placed to be the next manufacturing hub due to its cheap labor, mineral resources, coastlines etc.

Re: Apple supplier Foxconn to invest $1B in India, sources say

#58

Post by h0l0cube »

kodablah wrote: post #22
h0l0cube wrote: post #19

Earlier quoted context omitted.

> While there are negatives, I appreciate how globalization of manufacturing helps lift poorer economies Let's be real about those negatives. It seems as though it's always just the next country in line taking it's turn to provide subsistence-wage labor. The likes of Steve Pinker may argue that living standards continue to trend upwards across the board, but it seems like people are just becoming more and more time-p…

> If we follow this pattern, once every country has lifted itself up by the bootstraps, the end-game would not be some poorer nations providing the subsistence-wage labour, but the poor population of each country providing subsistence-wage labour. Nah, it's too politically unsafe to hire cheap in your own backyard and there'll always be country-level wage gaps on the bottom end, I'm just glad they're (slowly) reducin…

> Nah, it's too politically unsafe to hire cheap in your own backyard

There's two options, hire overseas at a lower labor cost (lower currency/lower minimum wage), or lower the minimum wage or currency of your own economy. If the labour costs of the rest of the world increase as their economy develops, it will make sense to employ locally again.

So subsistence wage moves from overseas, back local again... and why pay more than the subsistence wage if there's no government to compel you to do so?

Edit: Keep in mind, the US is a western democracy, and the largest economy, but has plenty of people living on subsistence wages.

> could just as easily be a rise in extreme protectionist tariffs to discourage offshoring thereby re-widening the gap

Protectionism may not re-widen the gap. Many populations starve because all their arable land is used for overseas exports.

Re: Apple supplier Foxconn to invest $1B in India, sources say

#60

Post by throay423432 »

cko wrote: post #45
tesseracted wrote: post #37

Earlier quoted context omitted.

Chinese people are also relatively intelligent. That is relevant, I think.

As an ethnic Chinese, I have to question that. Is this based on your observations of first and second generation Chinese immigrants in the West? In which case, wouldn't there be selection bias involved?

These sentiments are based on a 'scientific' world average IQ score; India is at 82 while China is at 105. I think most popularly, these were used by the White supremacist, Stephen Molyneux to justify the colonization of both India and Africa; it shouldn't be surprising to see it used in other dick-measurement... ahem 'eugenics' contests.
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