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Foxconn plans to invest in India

Foxconn plans to invest in India

Foxconn plans to invest up to Rs 32,000 crore for mobile manufacturing in India after the recently implemented GST imposed a 10 percent customs duty on imported smartphones and mobile components. The Taiwanese firm intends to scale its manufacturing facilities in India to rival those in China for export to international markets like the US and Europe. Foxconn aims to tie up with local companies and state govt.

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