Apple supplier Foxconn to invest $1B in India, sources say • Hacker News Board

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

#221

Post by komocsi » Sat, Jul 11, 2020, 2:57 PM UTC

naruvimama wrote: post #204

A lot of people have talked about the weakness in India, but have forgotten the strengths. Outside China, India is one of the largest single market The long term growth rate is expected to be good There is a countrywide GST (similar to VAT) Uber, Amazon, Google are relatively free to be in the market, this is more liberal than in many EU countries Add to that the younger population, surplus labour, tightening global…

> Outside China, India is one of the largest single market

Having a large population (without purchasing power) isn't enough to call a region one of the largest single market in the world.

China and India have growing middle class but 95% of their population still have no savings, these people only spend on food and household.

The largest single market in the world is the European Economic Area, the second largest is the United States (+ Canada and Mexico), all other markets are incomparable from these two developed markets because the difference is so large.

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

#222

Post by rbar » Sat, Jul 11, 2020, 3:07 PM UTC

naruvimama wrote: post #204

A lot of people have talked about the weakness in India, but have forgotten the strengths. Outside China, India is one of the largest single market The long term growth rate is expected to be good There is a countrywide GST (similar to VAT) Uber, Amazon, Google are relatively free to be in the market, this is more liberal than in many EU countries Add to that the younger population, surplus labour, tightening global…

> Since the coronavirus, the state of UP (200 million population) has relaxed all labour laws that was preventing employment generation and investment, has aggregated government land for new industrial setup, twice the size of Luxembourg.

Removing laws that protected the employees will only lead to exploitation. Is this the only way to entice investors? Factories with suicide prevention nets is the last thing India needs.

https://theprint.in/india/governance/up-suspends-labour-laws...

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

#223

Post by sbmthakur » Sat, Jul 11, 2020, 3:25 PM UTC

thewhitetulip wrote: post #212

sbmthakur wrote: post #166

Earlier quoted context omitted.

Unlike Pakistan, India recognizes Ahmadiyas as Muslims[1][2]. From India's perspective, they are followers of Islam. CAA doesn't address sectarian conflicts. It only addresses religious persecution. It can be argued that it should address sectarian issues, but by that reasoning, it should also address persecution based on sexual-orientation, color, gender, etc. As for Rohingyas, this comment explains it in a better w…

> It only addresses religious persecution SO you agree that Ahmadiyas are persecuted. They are a religiously persecuted because their sect is being persecuted. so CAA clearly should have involved them because any secterian persecution is by default done via religion. They're not being persecuted for owning a PlayStation in a country of poor right?

> They are a religiously persecuted because their sect is being persecuted.

CAA is not the only way in which refugees can come to India. They are free to seek asylum if they want.

If you want them to be included in the CAA then first ask the Indian government to recognize them as a separate religious sect that's being oppressed.

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

#224

Post by sbmthakur » Sat, Jul 11, 2020, 3:30 PM UTC

thewhitetulip wrote: post #213

sbmthakur wrote: post #161

Earlier quoted context omitted.

How will be the bill secular when it is in response to the persecution of minority religions in Pakistan, Bangladesh and Afghanistan? And I don't understand this fixation with Muslims. What about the followers of Bahá'í Faith who are not covered under this bill?

Ahmadiyas are minorities in Pakistan as are the Rohingya in Myamnar. also if you think that Rohingya hsould not be allowed because Myamnar was never a part of India, then Afghanistan was also never a part of India, so why are Afghanis being given fast tracked citizenship of India?

> Ahmadiyas are minorities in Pakistan as are the Rohingya in Myamnar.

Unlike Pakistan, Indian government considers Ahmadiyas as followers of Islam. First Indian government (or the UN) would have to recognize the sectarian conflict in Pakistan and then we can initiate discussions wrt them. As for Rohingyas, they are known for some serious violence.

https://www.amnesty.org/en/latest/news/2018/05/myanmar-new-e...

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

#225

Post by sneak » Sat, Jul 11, 2020, 3:30 PM UTC

rbar wrote: post #222

naruvimama wrote: post #204

A lot of people have talked about the weakness in India, but have forgotten the strengths. Outside China, India is one of the largest single market The long term growth rate is expected to be good There is a countrywide GST (similar to VAT) Uber, Amazon, Google are relatively free to be in the market, this is more liberal than in many EU countries Add to that the younger population, surplus labour, tightening global…

> Since the coronavirus, the state of UP (200 million population) has relaxed all labour laws that was preventing employment generation and investment, has aggregated government land for new industrial setup, twice the size of Luxembourg. Removing laws that protected the employees will only lead to exploitation. Is this the only way to entice investors? Factories with suicide prevention nets is the last thing India n…

FWIW the Foxconn factories in China that had the suicide nets had a lower incidence of suicide amongst the population working at the factory as the general population in the province in which the factory was located, even without the nets installed.

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

#226

Post by sbmthakur » Sat, Jul 11, 2020, 3:32 PM UTC

thewhitetulip wrote: post #214

sbmthakur wrote: post #119

Earlier quoted context omitted.

And what is the level of coverage of Russia's equivalent of RTI? (assuming they have one)

you are acting as if the BJP gave India the RTI. Congress gave the country RTI. and bjp has been systematically dismanteling RTI step by step. We won't have a functioning RTI in a few years. and the existing coverage of RTI in India is abysmal. This you'd know if you knew and read the facts. the govt has severely cut funding of RTI source: https://economictimes.indiatimes.com/news/economy/finance/ov... 63% cut in fun…

To a hammer, everything looks like a nail. My comment was irrespective of party and your reply doesn't even answer my question. You may continue with your wild predictions.

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

#227

Post by rbar » Sat, Jul 11, 2020, 3:35 PM UTC

nsenifty wrote: post #71

thewhitetulip wrote: post #49

Earlier quoted context omitted.

Dude, you literally are spreading false information and you're literally quoting one thing on one line and contradicting it on the second line. CAA makes it easier for non Muslims. you say 'no it doesn't' and then you literaly cite this: > Provided that any person belonging to Hindu, Sikh, Buddhist, Jain, Parsi or Christian community from Afghanistan, Bangladesh or Pakistan, who entered into India on or before the 31…

Nationwide NRC is different from NRC for Assam. Nationwide NRC ( https://en.wikipedia.org/wiki/National_Register_of_Citizens ) is mandated by 2003 Amendment of Citizenship act ( https://en.wikipedia.org/wiki/Citizenship_(Amendment)_Act,_2... ). Look at the definition of illegal migrants there. It doesn't mention anything about your grandfather's papers. Assam NRC is an entirely different beast ( https://en.wikipedia.…

The protest in Assam was/is not to include muslims. But, to exclude all illegal Bangladeshi immigrants. It seems, from Assam, CAA was brought to give citizenship to the hindu Bangladeshis that were left out of the NRC conducted in Assam.

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

#228

Post by naruvimama » Sat, Jul 11, 2020, 3:37 PM UTC

komocsi wrote: post #221

naruvimama wrote: post #204

A lot of people have talked about the weakness in India, but have forgotten the strengths. Outside China, India is one of the largest single market The long term growth rate is expected to be good There is a countrywide GST (similar to VAT) Uber, Amazon, Google are relatively free to be in the market, this is more liberal than in many EU countries Add to that the younger population, surplus labour, tightening global…

> Outside China, India is one of the largest single market Having a large population (without purchasing power) isn't enough to call a region one of the largest single market in the world. China and India have growing middle class but 95% of their population still have no savings, these people only spend on food and household. The largest single market in the world is the European Economic Area, the second largest is…

You are very right. It is true from the value point of view and for now.

There are two other actions at play here

1. When you are buying a new car or a house in the developed world it is usually replacing an existing car or house, perhaps with a marginal increase in efficiency. In the case of India you are adding an asset which adds close to 100% value. This also applies to roads, bridges and factories.

2. The number of units sold has a significant value to the company, that is part of the success behind China. That adds economies of scale as well as a ground to innovate for the rest of the world, which is incidentally mostly price sensitive. An iPhone costs more than Rs. 100K, typical budget Android phones are around 5K that is 20x. The investments that foxconn is making is pretty small, includes equipment moved from China to diversify.

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

#229

Post by learc83 » Sat, Jul 11, 2020, 3:42 PM UTC

komocsi wrote: post #221

naruvimama wrote: post #204

A lot of people have talked about the weakness in India, but have forgotten the strengths. Outside China, India is one of the largest single market The long term growth rate is expected to be good There is a countrywide GST (similar to VAT) Uber, Amazon, Google are relatively free to be in the market, this is more liberal than in many EU countries Add to that the younger population, surplus labour, tightening global…

> Outside China, India is one of the largest single market Having a large population (without purchasing power) isn't enough to call a region one of the largest single market in the world. China and India have growing middle class but 95% of their population still have no savings, these people only spend on food and household. The largest single market in the world is the European Economic Area, the second largest is…

Calling the European Economic Area a single market is also a stretch. Sure from a regulatory point of view it is, but practically it’s not. Cultural and language differences between countries are often a larger barrier to your product than tariffs and legal hurdles.

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

#230

Post by spians » Sat, Jul 11, 2020, 3:45 PM UTC

dirtyid wrote: post #220

kshacker wrote: post #215

Earlier quoted context omitted.

Just because US/Wisconsin could not get it done does not mean no one can get it done. USA had much higher costs, even outside of population centers, and too much dependence on tax shelters. It may not be the same in india.

India is notorious for barriers to entry on top of massive infrastructure deficits. There's promising policy movement in some provinces recently, but historically these initiates have not panned out. There's a reason Superpower2020 is a meme.

I mean it happened with the same company just a few months back.

Foxconn canceled $5 billion investment plan in India because of a land deal - https://www.gsmarena.com/foxconn_cancels_plans_for_5_billion...